Recent Funding: $450,000 Fix and Flip Loan in El Cajon, CA

El Cajon, CA – TaliMar Financial, a El Cajon Hard Money Lender, is excited to announce the most recent funding of a $450,000 Hard Money Fix and Flip Loan, secured on a single-family home in El Cajon, CA. The loan was originated by Brock G. VandenBerg.

The Borrower contacted TaliMar Financial because they were seeking a residential private money Fix and Flip loan (read our article on What is a Fix and Flip Loan) that included purchase and renovations funds. The Borrower did not have the property under contract, so they were also seeking a Proof of Funds letter.

After reaching out to us to explain the loan request, we had the Borrower first complete our Preferred Borrower Account Application online through the TaliMar Financial Borrower Portal. Once received, we processed the application and issued a Proof of Funds Letter (read our article on What is a Proof of Funds Letter). The Borrower secured the property soon thereafter, and because they were already pre-approved for hard money Fix and Flip loan, we quickly approved the request and funded the loan.

The biggest hurdle on this transaction was that the client had not already been approved for our Preferred Borrower Account Program (learn more about the Preferred Borrower Account Program). However, we worked with the client to quickly pre-approve them for our platform.

This loan was a great example of why TaliMar Financial has become the preferred hard money lender for real estate investors that fix and flip properties. Our online platform expedites the approval process to ensure their success.

Special thanks to Jessica Maldonado at PIckford Escrow and Teri Hallameyer at Corinthian Title Company for assisting us with the close.