San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $538,000 Hard Money Bridge Loan secured in 1st position on a single-family home in La Mesa, CA.
The Borrower reached out to TaliMar Financial seeking a short-term bridge loan after their original hard money loan was maturing. The existing hard money lender was only offering a 3-month extension but the Borrower needed a longer-term option so they could refinance the property with conventional financing.
We worked closely with the Borrower to quickly structure a loan that paid off the existing hard money loan and included closing costs and obtains the payoff demand. The entire closing took less than 7 business days.
The TaliMar Financial hard money bridge loan program is an excellent option to quickly purchase a residential or commercial property or refinance an existing hard money loan. The loans are typically underwritten from 6
months to 5 years and have interest-only payments. The payoff strategy is usually either a refinance with a conventional loan or the sale of the property.
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.