RecentFunding: $546,000 Fix and Flip Loan in San Diego,
tel: 888.868.8467
San Diego , CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $546,000 Hard Money Fix and Flip Loan (learn more about our Fix and Flip loan program), secured on a single family home in San Diego, CA. The loan was originated by Brandon Warnke.
The Borrower contacted TaliMar Financial because they were seeking a private money real estate loan to purchase a single-family home. Their plan is to list the property for sale once they complete a full renovation of the property (read our article on What is Fix and Flip Loan). They requested that the loan include 100% of the renovation costs.
The biggest hurdle on this transaction was that the borrower was seeking a loan that included funds for the purchase and the renovation costs and did not have time to complete an appraisal. Because TaliMar Financial specializes in funding residential Fix and Flip loans, we were able to quickly approve their loan request. The construction funds will be distributed to the borrower over the course of the renovation (read our article on What is a Construction Reserve).
This loan was a great example of why real estate investors trust TaliMar Financial to fund their real estate investment loans. Because we manage our own mortgage fund, TaliMar Income Fund I (learn about TaliMar Income Fund I) we can offer flexible lending programs and close quickly.
Special thanks to Moriene Toomey at New Venture Escrow – San Diego and Bonnie Stark at First American Title Company 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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