Long Beach, CA– TaliMar Financial, a Long Beach Hard Money Lender, is pleased to announce our most recent funding of a $420,000 Fix and Flip loan secured on a Single Family Home in Long Beach, CA. The Borrower will complete a cosmetic update of the subject property before listing it for sale.
In this loan scenario, TaliMar Financial funded 70% of the completion value which equated to 70% of the purchase and 100% of the renovation costs. The renovation funds will be held in a construction reserve account and disbursed to the client over the course of the renovation.
This closing was another example of a Borrower utilizing the Preferred Borrower Account program to close on a fix and flip loan. As a real estate investor, the Preferred Borrower Account program offers clients of TaliMar Financial access to a Letter of Credit, property-specific Proof of Funds Letters, and expedited closings.
Long Beach, CA is a popular market to purchase fix and flips and fix and holds. Real Estate investors find a lot of investment opportunities in Long Beach because many of the homes in the city are older and need to be renovated. As a hard money lender, TaliMar Financial is excited to fund investors that focus on the Long Beach real estate market.
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.