Twentynine Palms, CA – TaliMar Financial, a Twentynine Palms Hard Money Lender, is excited to announce the most recent funding of a $212,000 Hard Money Fix and Flip Loan secured on a Single Family Home in Twentynine Palms, CA. The loan was originated by Brock VandenBerg.
The client approached TaliMar Financial seeking a short-term Private Money Fix and Flip Loan to purchase and renovate the real estate investment property. The investment property had been brought to them by a real estate wholesaler who needed to close quickly, but needed the flexibility to close on the property first, and then sell it to our client. This is called an A to B to C transaction, or Seller to Wholesaler to End Buyer.
The biggest hurdle in this transaction was that our Borrower was a first-time real estate investor and this was going to be their first Fix and Flip project. Because TaliMar Financial works with first-time investors, we offered them a loan structure that allowed them to close on the property but got us secure with the additional risk. What was great about this transaction was the client had done their homework on How to Get Approved for a Hard Money Loan.
This loan was a great example of TaliMar Financial funding a complicated transaction. Not only was there a wholesaler involved in the transaction,we were also working with a new investor. However, being that we are a DIRECT LENDER through TaliMar Income Fund I, we were able to get the transaction funded quickly.
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!