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McKinleyville, CA – TaliMar Financial, a McKinleyville Hard Money Lender, is excited to announce the most recent funding of a $512,850.00 Hard Money Bridge Loan, secured on a duplex in McKinleyville, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking to refinance an existing hard money construction loan [ that was nearing maturity. Our loan was used to pay off the loan and provide the borrower funds to purchase another project.
The biggest hurdle on this transaction was that the Borrower was seeking a cash out refinance. Many hard money lenders shy away from these types of loans because it reduces the equity in the property protecting the loan. In this scenario, our loan was capped at 65% loan to value so we felt comfortable there was sufficient equity.
This loan was a great example of how we can offer flexibility lending options for real estate investors. As a direct lender through our bridge loan mortgage fund, TaliMar Income Fund I, we can often provide better pricing and more aggressive lending options than other hard money lenders.
Special thanks to Julie Halferty at Allison McCloskey Escrow and Ryan Lipsey at Ticor Title for assisting us with the close. Thank you to Armik Arakelian for referring the 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
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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