Recent Funding: $803,950 Bridge Loan in Vista, CA

Vista, CA – TaliMar Financial, a Vista Hard Money Lender, is excited to announce the most recent funding of a $803,950 Hard Money Bridge Loan, secured on a single-family home in Vista, CA. The loan was originated by Brandon Warnke.

The Borrower contacted TaliMar Financial because they were seeking to refinance an existing hard money loan that was maturing (read our article on What is a Hard Money Loan). In addition, to refinancing the loan, they were seeking a small cash out to pay down the outstanding balance of a loan provided to them by an equity partner. The Borrower was near completion of the renovation and would be marketing the property for sale within 30 days of close.

The biggest hurdle to this transaction was that the Borrower was seeking a cash out refinance on an existing renovation project (read our article on How to Get Your Hard Money Loan Approved). Due to the complexity of securing a lender policy on a current renovation project, many lenders would not pursue such a loan request. However, we were able to get comfortable with the loan request because of the small amount of work that needed to be completed and the ability to confirm all of the outstanding invoices were paid.

This loan was a great example of why real estate investors and mortgage brokers have come to trust TaliMar Financial for the hard money loan requests. Because we manage our own mortgage REIT, we can often provide more flexibility in our loan structures than others.

Special thanks to Julie Halferty at Allison McCloskey Escrow 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.