Ramona, CA – TaliMar Financial, a Ramona Hard Money Lender, is excited to announce the most recent funding of a $411,000.00 Hard Money Fix and Flip Loan, secured on a single-family home in Ramona , CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a Fix and Flip Loan to acquire an existing single-family home that included renovation funds. We used our 80 / 100 Loan to fund the project, which included funds for 85% of the purchase and 100% of the renovation costs. The Borrower will be able to draw from the renovation funds over the course of the project. Draw requests are usually approved and disbursed within 24 hours.
The biggest hurdle on this transaction was that the client had never completed a Fix and Flip project. However, based upon the scope of work, the team they assembled, and the amount they deposited on the purchase, we approved the loan request.
This loan was a great example of why real estate investors should consider using TaliMar Financial for their private money loan requests. Using the TaliMar Financial Borrower Portal, we can provide a streamlined platform to get your loan request approved and funded. Also, because we are a direct lender through our mortgage fund, TaliMar Income Fund, we can often provide loans that don’t meet the strict guidelines of other Lenders.
Special thanks to Jennifer Morris at Oakwood Escrow – Ramona and Marlo Macias at Fidelity 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
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!