San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $1,295,000.00 Hard Money Fix and Flip Loan, secured on a single family home in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a quick close on single family home that had been converted into three units. The issue was the third unit not been fully permitted. We met with the Borrower at the property to better understand the layout and learn more about the unpermitted unit. In learning more about the project, the seller had obtained approval for the additional unit but did not pay the permitting fees. Nonetheless, they leased the unit resulting in the building department recording a building code violation on the property. Our borrower plans to resubmit for approval, pay the charges, and hold the property as a long-term rental.
The biggest hurdle on this transaction was the building code violation. However, because TaliMar Financial is a private real estate lender that focuses on residential rehab loans, we can often structure our loans around structural issues of a property.
This loan was a great example of why real estate investors contact TaliMar Financial for their hard money Fix and Flip loan requests. As a direct private money lender, we offer the flexibility that many investors in real estate need to close quickly and buy properties that don’t meet bank underwriting criteria.
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
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Interest Only Payments
Single Family and Multi-Family
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!