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San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $525,000 Hard Money Bridge Loan secured on a Single-Family Home in San Diego, CA. The loan was originated by Brock VandenBerg.
The client approached TaliMar Financial seeking a short-term Bridge Loan to acquire the single-family home. We initially provided the Borrower a Proof of Funds Letter for their offer. Once they received an acceptance, we quickly approved the loan request. Their plan is to obtain building plan approval for a detached accessory dwelling unit (ADU) and start construction within 36 months.
The biggest hurdle in this transaction was that the loan request is that Borrower requested a 36 month term. Based on the Loan to Value and Credit Strength of the Borrower, we were able to obtain approval for the loan term.
This loan was a great example of why using a Direct Lender can increase the likelihood of getting your loan approved with the terms you need. As a manager of TaliMar Income Fund I, TaliMar Financial can quickly provide real estate investors options for their hard money loan requests.
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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