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Poway, CA – TaliMar Financial, a Poway Hard Money Lender, is excited to announce the most recent funding of a $625,200 Fix and Flip Loan, secured on a Single Family Home in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a quick private money purchase loan that included renovation funds. Using our automated loan application portal, the Borrower was provided a term sheet within 24 hours and we closed within 5 business days. Our loan funded 80% of the purchase price and 100% of the renovation costs. Once the renovations are complete, the Borrower will list the property for sale.
The biggest hurdle on this transaction was that the Borrower need to close in less than one week. Because the Borrower had already been approved through our Preferred Borrower Account Program, we were able to expedite the approval and close. Complete this application to obtain approval for the Preferred Borrower Account program and get issued a Letter of Credit for your next transaction.
This loan was a great example why real estate investors that purchase Fix and Flips should consider TaliMar Financial. We are direct lender through our mortgage fund, TaliMar Income Fund I, and can structure loans quickly around the needs of our Borrowers.
Special thanks to Julie Halferty at Allison McCloskey Escrow and Korey Mulvey at First American 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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