San Diego, CA– TaliMar Financial, a San Diego Hard Money Lender, is pleased to announce our most recent funding of a $703,750 Hard Money Fix and Flip Loan secured on a Single Family Home in San Diego, CA. The Borrower plans to complete a cosmetic update of the property before listing it for sale.
TaliMar funded 70% of the After Repair Value, which was 80% of the Purchase and 100% of the Renovation Costs. The renovation funds will be disbursed to the Borrower over the course of the renovation. TaliMar required minimal documentation and waived the appraisal requirement. The loan was funded in less than 5 business days.
The biggest hurdle on this transaction was the timing to close. Our Borrower had completed our Preferred Borrower Account loan application prior to submitting their offer which accelerated underwriting process. Once the Borrower’s offer was accepted, we quickly completed the internal valuation and approved the hard money loan request.
San Diego, CA is one of the hottest housing market in the United States. Due to the aging housing stock, many investors are purchasing older, distressed homes and rehabbing them. Most of the investors will sell the property once the renovations are complete, while others hold as long term rentals.
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.