Santee, CA – TaliMar Financial, a Santee Hard Money Lender, is excited to announce the most recent funding of a $455,000 Hard Money Fix and Flip Loan, secured on a Single Family Home in Santee, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a short-term private money loan to purchase and renovate the property. They had a budget of $51,000 to complete a full interior and exterior renovation. The loan included funds for the purchase and the renovation costs (see article on What is a Construction Reserve). The Renovation Funds will be disbursed to the borrower over the course of the project.
The biggest hurdle on this transaction is that the Borrower had to close in less than five business days. We overcame this hurdle by having the borrower complete the loan application using our Online Loan Application and submitting the due diligence material through our Borrower Portal.
This loan was a great example of how easy TaliMar Financial has made the approval and funding process. Because we are a mortgage fund, we can often provide much better pricing on our loans and fund much quicker.
Special thanks to Albert Tapia at New Venture Escrow and Dee Dee Burland at Lawyers Title – San Diego 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
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!