San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $535,000 Fix and Flip hard money loan secured in 1st position on a single-family home in San Diego, CA. The Borrower will complete a moderate renovation before listing the property for sale.
The hard money fix and flip loan will fund a portion of the purchase price and all the renovation costs of the property. The renovation funds will be disbursed to the Borrower over five pre-determined draws and based upon the progress of the construction. In most cases, our draws take 24 hours to process.
The biggest hurdle in this transaction was the seller was a family trust. The family had been fighting over the sale of the property. Once they all agreed to sell and at an approved price, our borrower was required to close in less than 3 business days. Because TaliMar Financial is a direct San Diego hard money lender, we were able to accommodate their request.
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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.