Encinitas, CA – TaliMar Financial, an Encinitas hard money lender, is pleased to announce our most recent funding of $840,000 Fix and Hold loan secured on a Single Family Home with an attached Accessory Dwelling Unit in Encinitas, CA.
Our client initially purchased the property with a hard money fix and hold loan, which was secured against another property they owned. They had made significant progress on the renovations but the loan was maturing. Additionally, they were looking to remove the secondary property from the loan so they could refinance it into a more conventional long-term loan.
TaliMar Financial worked closely with the real estate investor to structure a loan that included a $100k construction reserve which could be drawn upon over the course of the renovation. Once the renovations are complete, we will refinance the loan with our low-cost 30 Year Rental Loan.
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!