San Diego, CA– TaliMar Financial, a San Diego hard money lender, is pleased to announce our most recent funding of an $881,000 Hard Money Fix and Hold Loan secured on a single family home in San Diego, CA.
The client approached TaliMar Financial seeking to refinance an existing hard money purchase loan with new hard money take out and construction loan. The construction portion of the loan will be funding the construction of a 4 bedroom and 3 bathroom detached accessory dwelling unit.
The biggest hurdle on this transaction was the lack of comparable sales with accessory dwelling units. Our underwriting team used a blended income and $ per foot to conclude the finished value. Additionally, TaliMar Financial considered the borrower’s experience building ADU’s.
Finding the right lender to fund the construction of an accessory dwelling can be difficult. However, our experience funding these types of transactions has made TaliMar Financial the leader in hard money loans for accessory dwelling units.
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!