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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 $2,000,000.00 Hard Money Bridge Loan, secured on an industrial property in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a short-term bridge loan to pay off another bridge loan that was nearing maturity. Our loan origination team is seeing a big increase in these types of loan requests as banks are becoming increasingly conservative in their underwriting and look to close out existing loans to add liquidity to their balance sheet.
The biggest hurdle on this transaction was that the property was located in a heavily industrial area of San Diego and the client was looking to convert the use to multi-family. However, because of our knowledge of the changing zoning regulations in San Diego and the borrower’s success of converting an adjacent lot to multi-family, we quickly got comfortable with the loan request.
This loan is a great example of why real estate investors and operators choose to use TaliMar Financial for their short-term hard money bridge loan requests. As a direct lender through our mortgage fund, TaliMar Income Fund I, we can provide flexible lending options for our clients.
Special thanks to Giselda Rosales at Elite Escrow Services and Ryan Lipsey 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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