Recent Funding: $675,000 Fix and Flip Loan in San Diego, CA

San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $675,000.00 Hard Money Fix and Flip Loan, secured on a Triplex in San Diego, CA. The loan was originated by Brandon Warnke.

The Borrower contacted TaliMar Financial because they were seeking financing to purchase and renovate a triplex. The Borrower was a mortgage broker that we had a prior relationship with and was interested in taking on his own project. The transaction started with our client requesting a Proof of Funds Letter which was submitted with the initial offer. Once the offer was accepted, we drafted a term sheet and submitted the list of requested items. The client signed the term sheet and uploaded the documents on a Monday, and we closed on a Friday.

The biggest hurdle on this transaction was that this was the first project the Borrower had completed on their own. However, we were comfortable with the team the Borrower put together for the project, so we approved the loan.

This loan was a great example of why real estate investors trust TaliMar Financial to fund their hard money loan requests. Because we manage our own mortgage fund, we can often provide more flexibility in lending programs and close quickly.

Special thanks to Cay Boone at Alliance Escrow and Marlo Macias at Fidelity National Title Company for assisting us with the close.