El Centro, CA– TaliMar Financial, an El Centro Hard Money Lender, is pleased to announce our most recent funding of a $140,000 Hard Money Fix and Flip Loan secured on a single-family home in El Centro, CA. Our Borrower will complete a cosmetic update of the property before listing it for sale.
The Borrower approached TaliMar Financial seeking a Proof of Funds letter for the purchase. Once their offer was accepted, we worked with the Borrower to structure a Fix and Flip Private Money Loan within the very short closing window.
The Loan funded 80% of the Purchase Price and 100% of the renovation costs, equating to 70% of the completion value. The renovation funds will be released to the Borrower over the course of the renovation in 3 draws. Using our platform, renovation draws are released within 24 hours of approval.
Speed is one of the biggest determining factors in a profitable Fix and Flip. By ensuring your contractor is ready to start renovations immediately after purchase and they are committed to completing the project quickly, investors can significantly reduce delays. Providing a detailed scope of work to the contractor at the beginning and reducing the changes will help also reduce delays.
About TaliMar Financial
TaliMar Financial is a San Diego hard money lender that specializes in funding residential and commercial Fix and Flip, Construction, and Bridge Loans. As a direct private money lender, we offer aggressive financing options and typically close our transactions in less than 7 business days. We work directly with real estate investors and property owners as well as real estate agents, mortgage brokers, and other real estate professionals.
Contact TaliMar today at (858) 242-4900 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.