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San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $626,000 Fix and Hold Loan, secured on a Single Family Home in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a private money lender that could quickly provide them a construction loan on a property they recently obtained building plan approval to build an accessory dwelling unit. TaliMar Financial had originally funded a hard money purchase bridge loan for the borrower.
The biggest hurdle on this transaction was the Borrower had originally requested a hard money purchase and construction loan. However, the Borrower had not received a building permit to build the accessory dwelling unit and so we advised the client to wait for the building permit before borrowing the construction funds. This gave them time to obtain the building permit, allowed them to develop a more realistic project budget and scope of work, and reset the term of the loan. Additionally, we only charged them for the additional loan proceeds at close.
This loan was a great example of TaliMar Financial structuring a loan around the needs of the Borrower. Because we are a direct hard money lender through TaliMar Income Fund I, our mortgage fund, we can work with clients to structure loans that are most advantageous for them.
Special thanks to Julie Halferty at Allison-McCloskey Escrow Company and Karen Davis at Ticor Title for assisting us with the close.
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
Minimum Documentation
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Low Rates
Interest Only Payments
Single Family and Multi-Family
California Only
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!
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