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San Marcos, CA – TaliMar Financial, a San Marcos Hard Money Lender, is excited to announce the most recent funding of a $387,000.00 Hard Money Fix and Flip Loan, secured on a manufactured home in San Marcos, CA. The loan was originated by Brandon Warnke.
The Borrower contacted TaliMar Financial because they were seeking a short-term loan to purchase a single-family home that they intended to rehab and sell for a profit. Their requirement for the loan was that we fund 100% of the renovation costs which we were able to provide.
The biggest hurdle on this transaction was that the property was a manufactured home located in a 55+ age community. Additionally, the Borrower had to close in five business days because they were purchasing the property through a wholesaler (read What is a Wholesaler).
This loan was a great example of why real estate investors utilize TaliMar Financial for their hard money loan requests. Because we are a direct lender through our own mortgage fund (learn about TaliMar Income Fund), we can provide more flexibility in our lending program and structure a loan around the needs of the client.
Special thanks to Tracey Rupp Stone at Chicago Title Company – Legends Escrow Branch and Adam Fukushima at Corinthian 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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