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Los Angeles, CA – TaliMar Financial, a Los Angeles Hard Money Lender, is excited to announce the most recent funding of a $420,400.00 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 quick close on the purchase of a single-family home in Los Angeles that needed major renovations. The borrower couldn’t use conventional financing to purchase the property because of the condition, the timing of the close, and the need for construction funds to be included in the loan request. (Read our article on What is a Hard Money Fix and Flip Loan)
The biggest hurdle to this transaction was that the client had to close in less than 5 business days. Using our Borrower Portal (Click here to view the Borrow Portal), our client submitted their loan request which was processed overnight. We had a term sheet submitted to the borrower in less than 12 hours and final approval to close in less than 36 hours.
This loan was a great example of how TaliMar Financial has automated the loan submittal and approval process to shorten the closing time period and remove the uncertainty that financing often creates during a closing.
Special thanks to Rhoni Taylor at Better Escrow Service and Andy Vigil at Lawyers Title – LA 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
Minimum Documentation
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Low Rates
Interest Only Payments
Single Family and Multi-Family
California Only
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!
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