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Lake Arrowhead, CA – TaliMar Financial, a Lake Arrowhead Hard Money Lender, is excited to announce the most recent funding of a $383,000 30 Year Rental Loan, secured on a Single-Family Rental in Lake Arrowhead, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were looking to refinance their existing Fix and Flip Loan with a 30-year loan. Because they were real estate investors and didn’t have a steady income and weren’t going to qualify for a traditional bank loan. Instead, they decided to use our DSCR Loan which only requires a 12-month lease agreement, appraisal, credit check, and verification that the rental income was equal to or greater than the holding costs.
The biggest hurdle in this transaction was that the borrower had recently completed a renovation of the property and had a tenant in place for less than one month. Because the loan does not have a seasoning requirement, we were able to get the loan approval.
This loan was a great example of why a real estate investor should consider TaliMar Financial for their real estate investment loan. We offer aggressive lending programs for Fix and Flip loans, Bridge loans, and 30 year rental loans.
Special thanks to Julie Halferty at Allison-McCloskey Escrow Company and Karen Dennis 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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