San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $638,000 Fix and Flip loan secured on a single-family home in San Diego, CA. The client will complete a cosmetic update of the property before listing it for sale.
We are excited to announce that this was another successful example of our client using our Preferred Borrower Account program to get their offer accepted utilizing our Proof of Funds letter and then closing within 5 business days.
The renovations will include replacing the kitchen and bathrooms, installing new windows and flooring, and repainting the interior and exterior. The floor plan will be updated to open the kitchen area to the living room. The landscaping will be replaced to offer more curb appeal. The renovations will take 4 to 6 months.
The loan was underwritten to 70% of completion value and included funds for the purchase and 100% of the renovation budget. The renovation funds will be disbursed to the borrower in 5 draws.
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.