San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $480,000 Fix and Flip Loan secured on a single-family home in San Diego, CA. Our client intends to complete a full renovation of the property before listing it for sale.
This hard money transaction was another example of TaliMar Financial funding a fix and flip loan in less than 5 business days. Because our client has been approved through our Preferred Borrower Account Program, we were able to expedite the underwriting.
Our hard money fix and flip loan was calculated to 70% of the After Repair Value (ARV) and funded 100% of the renovation costs. There was no pre-payment penalty and no required appraisal. The renovation funds will be disbursed to the borrower over 5 pre-determined draws over the course of the project.
This transaction was brought to our client by a real estate wholesaler. The term wholesaler generally refers to a real estate investor that identifies an investment opportunity and then brings that opportunity to another investor. The wholesaler may either broker the transaction or sell the actual purchase contract. Wholesalers play an important role in the real estate industry by spending time and resources locating investment opportunities for investors who are focused on completing their existing projects.
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.