San Diego, CA– TaliMar Financial, a Chula Vista Hard Money Lender, is pleased to announce our most recent funding of a $300,000 Hard Money Fix and Hold Loan secured on a single-family home in Chula Vista, CA. The funds were used to refinance an existing loan and provide the Borrower additional funds to complete a full remodel of the property.
The Borrower was referred to us by a mortgage broker after they were unable to locate a conventional lender that would fund the loan. After a quick review of the file, we provided the mortgage broker a quote and closed in less than 10 business days.
The renovation funds will be held in a third-party escrow account and disbursed to the client over the course of the renovations. Because they are using a third-party contractor, we worked with the contractor to create a fair
draw schedule to ensure the work would be completed and the funds would be disbursed in a timely manner.
We were the last call by the mortgage broker before they were going to give up on the file. They had never used a Private Money Lender to fund a loan and were skeptical about Hard Money Lenders and our ability to perform. We proved to them that we could perform and that Hard Money should be a product that they offer their clients. As we say, “you never need a Hard Money Lender until you need a Hard Money Lender!”
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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.