North Hollywood, CA– TaliMar Financial, a North Hollywood Hard Money Lender, is pleased to announce our most recent funding of a $734,000 Hard Money Fix and Flip loan secured on a Single Family Home in North Hollywood, CA. Our client will complete a cosmetic update of the property before relisting it for sale.
The biggest hurdle on this transaction was the time to close. The Seller accepted our Borrower’s offer assuming a 5 day close with no appraisal contingency. Once notified, our underwriting team got to work quickly completing the review process. Because the Borrower was quick to submit their diligence material, we approved the loan in 24 hours and met their short closing timeframe.
One of our most popular private money loans is the Hard Money Fix and Flip loan. Our Private Money Fix and Flip loan program will fund up to 70% of the completion value, including 100% of the renovation costs. The renovation funds are disbursed to the Borrower over the course of the renovation.
Fix and Flip projects have become extremely popular in California markets such as San Diego, Orange County, Los Angeles, San Francisco, and Sacramento. They are popular because many housing markets in California suffer from a housing shortage, making existing homes and multi-family properties extremely valuable. Many of the homes built in these submarkets have deteriorated to a point where they need to be cosmetically and structurally updated. Investors have capitalized on this opportunity and purchase, renovate, and sell these older homes.
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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.