Recent Funding: $612,000 Bridge Loan in Julian, CA

Julian, CA – TaliMar Financial a Julian Hard Money Lender, is excited to announce the most recent funding of a $612,000.00 Hard Money Bridge Loan, secured on a single-family home in Julian, CA. The loan was originated by Brock VandenBerg.

The Borrower contacted TaliMar Financial because they were seeking a cash out refinance private money bridge on a single-family rental home they own (read our article on What is a Bridge Loan). They intend to use the proceeds to invest in a separate business they operate. The funds will be outstanding for 24 months.

The biggest hurdle on this transaction is that they owned the property free and clear. Many private money lenders do not fund cash out refinance bridge loans because of the perceived risk of the transaction. However, we had a strong relationship with the borrower and could verify that the funds would be used for business purposes.

This loan was a great example of why real estate investors and mortgage brokers should establish a strong relationship with a hard money lender. Having that relationship will allow you to take advantage of an opportunity that may require you to move quickly.

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.