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Carlsbad, CA – TaliMar Financial, a Carlsbad Hard Money Lender, is excited to announce the most recent funding of a $2,465,000.00 Hard Money Fix and Flip Loan, secured on a single-family home in Carlsbad, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking to purchase an adobe single-family home that was originally built by the Weir Brothers. The property had incredible views of the Carlsbad lagoon and the Pacific Ocean. Their plan was to renovate the existing home before listing it for sale.
The biggest hurdle on this transaction was that the client had to cross collateralize a five-unit apartment property for the purchase. Additionally, the seller was very particular about who they were going to sell the property to because the prior buyer had canceled the closing so they contacted us to confirm our ability to fund the loan.
This loan was a great example of how TaliMar Financial was able to identify a solution for our client and quickly close the loan. Additionally, because the Borrower had a Preferred Borrower Account with TaliMar Financial, the approval process was reduced to less than three days and the closing to less than seven days.
Special thanks to Jessica Maldonado at Pickford Escrow Company and Korey Mulvey at First American Title Company 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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