San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $579,600 Fix and Flip loan secured on a single-family home in San Diego, CA. The Borrower will complete a cosmetic update of the property before listing it for sale.
The loan was structured with funds for the purchase and 100% of the renovation costs up to 70% of completion value. No appraisal or property inspection was required. The renovation funds will be disbursed to the borrower over the course of the project.
The Borrower intends to open the kitchen to the living room to allow for a more open floor plan. The kitchen cabinets and countertops will be replaced and new flooring installed. New faucet fixtures will be installed to give the property a more contemporary feel. The landscaping will be replaced to offer more curb appeal.
Closing on a fix and flip project in today’s ultra-competitive market can be difficult without the right capital partner. In this loan scenario, our client was seeking a short-term hard money fix and flip loan for the purchase and renovation costs and close in less than 5 business days.
Because the Borrower was part of our Preferred Borrower Account program, we were able to streamline the approval process and close within the short timeframe.
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.