San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a 1st position $1,225,000 Fix & Flip Loan secured on a single-family home in San Diego, CA.
The Borrower intends to complete full interior and exterior renovation of the Subject property before listing it for sale. The renovations will include repairing the foundation, updating the kitchens and bathrooms, installing new flooring, replacing the windows, and applying new paint throughout. The
the exterior landscaping will also be updated.
The biggest hurdle on this transaction was the repair cost and obtaining an accurate completion value. The Borrower had a budget that exceeds $300,000 for the renovations, mainly due to the repairs to the foundation. Additionally, the property is located in a neighborhood with older homes. Many of the homes were either being updated or torn down and replaced with new homes. However, the sales were sporadic and many of the direct comparative sales had not sold yet.
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.
Check out our hard money loan programs by clicking here.
Contact TaliMar today at (858) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.