Hard Money Lending

In May 2019, TaliMar Financial funded a $200K hard money loan secured by a 1,200 square foot, partially completed manufactured home in Escondido, San Diego County, CA. The borrower needed to cash out equity on this property to finish the renovation and purchase another investment property. The Borrower was introduced to us by another real estate investor. The biggest hurdle on the transaction was the partially completed home had not received a certificate of occupancy. The valuation considered land that included the manufactured home less the cost to complete. Funds were held back for future construction costs. Though the underwriting was more difficult than our traditional hard money loans, TaliMar was up to the task and found a solution for the property owner.

In May 2019, a real estate investor approached us with a fantastic deal that required transactional funding for a double close wholesale transaction. The subject property is a single family residence in the sought-after Atwater Village neighborhood of Los Angeles. It was an opportunity that needed action taken immediately before the deal was lost. This was a no-brainer for us because the investor already had an end-buyer lined up, and it was easy to see the value in the property. In just two days, we provided 100% financing on the purchase of $430,000. Our unique transactional funding product has an added bonus - if the borrower pays off our loan within 30 days, we will refund them 1 point (origination fee) and a portion of the loan processing fees. The cherry on top for our new borrower client was the speed of the loan and the refund on-top of that.