Escondido, CA– TaliMar Financial, an Escondido hard money lender, is pleased to announce our most recent funding of a $544,800 Fix and Flip Loan secured on a Single Family Home in Escondido, CA. The Borrower intends to complete a cosmetic update of the property before listing for sale.
This loan was funded for a borrower approved for our Preferred Borrower Account Program. As a member, our client was issued a Letter of Credit which was included in their original offer. In this scenario, the listing agent reached out to us to confirm their approval. This is another example of being approved for the TaliMar Preferred Borrower Account Program can help you get more offers accepted.
Our loan amount was based upon the future value, also known as completion value, and included 100% of the renovation costs. We funded the loan in less than 5 business days and did not require an appraisal.
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.
Up to 80% of Value
Purchase / Refinance
As Low as 3.875%
Interest Payments Available
Cash Out OK
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Interest Only Payments
Single Family and Multi-Family
Business Purpose Only
The Preferred Borrower Account Program was designed for the real estate investor. The PBA Program offers real estate investors a secure source of capital for their real estate deals. By getting approved, investors will have access to a TaliMar Financial Letter of Credit, property specific Proof of Funds Letters, 5 Day Expedited closings, and our Wholesale Deal Marketplace.
The process of getting approved is simple. Apply today!