Escondido, CA– TaliMar Financial, an Escondido Hard Money Lender, is pleased to announce our most recent funding of a $534,000 Hard Money Fix and Flip loan secured on a single-family home in Escondido, CA. Our client will complete a cosmetic renovation of the property prior to leasing as a long-term rental.
Our client was referred to us by their real estate agent after their original lender was unable to fund the purchase loan due to the condition of the property. We quickly reviewed the loan request with the Borrower and offered several options including adding the renovation costs to the loan and an option to convert the loan into a 30 year fixed rate option once the renovations were complete.
Once the renovations are complete and the Borrower leases the property, they will engage TaliMar Financial for a refinance into our 30 Year Rental Loan Program. Not only with the Borrower save on closing costs, they will have the opportunity to refinance into an extremely low rate 30 Year Fixed Loan and hold for long term cash flow.
As a Direct Hard Money Lender, TaliMar Financial specializes in funding residential hard money fix and flip loans and fix and hold loans. Our Private Money Loans often include a Renovation Reserve and are underwritten to the After Repair Value.
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.