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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 $626,000.00 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 a Fix and Flip Loan. In the loan they were seeking funds for the construction costs. We were able to approve their loan in less 24 hours and funded 100% of the project budget. The renovation funds will be held in a construction reserve.
The biggest hurdle on this transaction was the client needed to close in less than 5 days. Using our online loan request form, the Borrower submitted their loan request and our underwriting team responded in less than 24 hours with a term sheet. The Borrower signed the term sheet, submitted the due diligence material online, and we approved the loan within their requested timeframe.
This loan was a great example of why Los Angeles real estate investors use TaliMar Financial to fund their private money Fix and Flip loans. As a direct lender through TaliMar Income Fund I, a fix and flip mortgage fund, we can often provide better pricing and more aggressive lending programs than other hard money brokers. Contact us today with your hard money loan request.
Special thanks to Kathy Otero at PureLogic Escrow and Mark Mendoza at WFG National Title Company 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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