Santee, CA – TaliMar Financial, a Santee Hard Money Lender, is excited to announce the most recent funding of a $511,700 Fix and Flip Loan, secured on a Single-Family Rental in Santee, CA. The loan was originated by Brock VandenBerg.
The Borrower was referred to TaliMar Financial by a Wholesaler who was selling them the property. TaliMar Financial works closely with Wholesalers to help finance their clients and ensure a smooth closing. In fact, TaliMar Financial is the preferred hard money for San Diego Wholesalers.
The biggest hurdle in this transaction was that the Wholesaler had to first close on the purchase of the property and immediately sell the property to our Borrower. The Wholesaler required assurances that the Borrower was approved for the loan and would close the following day on the purchase. Because TaliMar Financial had a strong relationship with the Wholesaler, they moved forward with the transaction.
This loan was a great example of why a real estate investor should consider using TaliMar Financial to fund their Fix and Flip Loan. As a direct lender through TaliMar Income Fund I, we were able to fund this complex transaction.
Special thanks to Jennifer Decker at Five Star Escrow and Bonnie Stark at First American Title Company 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!