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San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $493,500 Fix and Flip Loan, secured on a Single-Family Rental in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were looking to close quickly on a single-family home that they identified as a great real estate investment opportunity. They had attempted to use conventional financing for the purchase, but because their closing window was so short, the Borrower decided hard money was the best option.
The biggest hurdle in this transaction was that the Borrower first had to remove a tenant from the property. Once the tenant was removed, they would close on the property within 24 hours and start the renovations. We worked with the Borrower to quickly approve the loan, and when they were ready, fund the transaction.
This loan was a great example of why a real estate investor should use a direct lender such as TaliMar Income Fund I to fund their real estate investment purchase and refinances. Additionally, the Borrower signed up for a Preferred Borrower Account which allowed them to obtain a Letter of Credit and access our expedited closing program.
Special thanks to Yvonne Walton at Oakwood Escrow and Candy Church at Ticor Title 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
Minimum Documentation
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Low Rates
Interest Only Payments
Single Family and Multi-Family
California Only
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!
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