San Bernardino, CA – TaliMar Financial, a San Bernardino Hard Money Lender, is excited to announce the most recent funding of a $325,900 Hard Money Fix and Flip secured on a Single-Family Home in San Bernardino, CA. The loan was originated by Brock VandenBerg.
Our client, first approached TaliMar Financial seeking a Proof of Funds Letter for their offer. The property was being offered as Probate Sale so our client needed to show they were serious about purchasing the property and could handle the delays associated with such a sale. When the offer was accepted, we quickly approved their loan request and move to close in less than 5 business days.
The biggest hurdle on this transaction was the unknown closing date. Most hard money lenders need to have a clear closing date to ensure they had the funds ready to close. However, TaliMar Financial is a Direct Lender through TaliMar Income Fund I, our mortgage fund. That is why we have flexibility on our loan terms and timing.
This loan was a great example of why you want to work with a Direct Hard Money Lender (also known as a private lender). Most Hard Money Lenders are Brokers, taking your loan request and shopping it to private investors. This may result in closing delays, pricing fluctuations, and other issues. Always work with a Direct Lender like TaliMar Financial for your hard money request.
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!