Los Angeles, CA – TaliMar Financial, a Los Angeles Hard Money Lender, is excited to announce the most recent funding of a $586,680.00 Hard Money Fix and Flip Loan, secured on a single-family home in Los Angeles, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a short term private money bridge loan that included funds for the purchase and renovation renovations cost of an investment property. Because they had a short escrow period, the lender had to approve and fund the loan quickly.
The biggest hurdle on this transaction was that even though the client had borrowed from us in the past, they had created a new limited liability company to purchase the property. Using our Borrower Application, they submitted the information on the new LLC along with the paperwork through our Borrower Portal and had the new entity approved in less than 24 hours.
This loan was a great example of how real estate investors can use the technology TaliMar Financial has created to quickly get their private money loan requests approved and funded. Because TaliMar Financial manages its own mortgage fund, TaliMar Income Fund I, we can provide transparent pricing and quick approvals.
Special thanks to Michelle Navarro at Prominent Escrow Services and Liz Ochoa at Lawyers Title – Irvine for assisting us with the close.
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!