Lending Guidelines

Fix & Flip / Construction

  • 70%+ of Completed Value
  • Rates starting at 7.99%
  • Residential / Commercial
  • Low Points / Closing Costs
  • Purchase / Renovation Funds
  • Same Day Approvals
  • No Doc Program
  • 5-7 day Funding
  • No Min Credit Score
  • California Only

Bridge Loan Program

  • 75%+ of Purchase Price / Current Value
  • Rates starting at 7.99%
  • Residential / Commercial
  • Low Points / Closing Costs
  • Purchase / Cash Out Refinance
  • Same Day Approvals
  • No Doc Program
  • 5-7 day Fundings
  • No Min Credit Score
  • California Only

Loan Amounts

$50,000 to $10,000,000

Interest Rates

7.99% to 12%

Max Loan-To-Value

75.00%

Max Loan-To-Cost

80.00%

Origination Fees

1% to 5%

Loan Terms

6 months to 60 months

Lien Position

  • 1st
  • 2nd

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial
Minimum Occupancy Percentage

49%

Property Geographic Area Details

California Only

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Assisted Living Facility
  • Auto Dealership
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Gas Station
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Land Development
  • Condo Conversion
  • Residential Long-Term Rental
  • Note Purchase
  • Reverse 1031 Exchange
  • Partner Buyout
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Commercial Permanent Financing
  • Primary Residence Bridge
  • Primary Residence Business Purpose Cash Out
  • Residential Non-Prime

Junior Liens

Junior Lien Loan Amounts

$100,000.00 to $5,000,000.00

Junior Lien Interest Rates

8% to 15%

Junior Lien Loan-to-Value

75.00%

Junior Lien Loan-to-Cost

75.00%

Junior Lien Origination Fees

1.00% to 5.00%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Mezzanine
TaliMar Financial specializes in offering 2nd Trust Deeds on business purpose loans. Contact us today at (858) 613-0111 or visit talimarfinancial.com to learn more.

Land Loan

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land
  • Agricultural Land
  • Special Purpose Land
  • Cannabis Use Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

60.00%

Max LTC for Land Acquisition

60.00%

Purchase Loan

Max Loan-To-Purchase Price

80.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

1

Maximum After Repair Value

70.00%

Description

TaliMar Financial will fund up to 70% of completion value for experienced investors which may include 100% of renovation costs. Pricing and loan structure will be dependent upon the borrower experience, property type, scope of work, and finished value.

Construction Loan

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

75.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Description

TaliMar Financial will fund up to 70% of completion value of ground up construction, not exceed 75% of total project costs.

Details and Requirements

Typical Closing Time (Days)

3

Fastest Closing Time (Days)

1

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve
  • Payment Rate

Payment Rate

0% to 0%

Pre Payment Penalty

no

Will lend to a foreign national

no

We will lend to foreign nationals.

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Processing Fee

Escrow Fee

Title Fee

Credit Report Fee

Extension Fee

Appraisal Fee

Environmental Report Fee

Renovation Construction Draw Fee

Legal Disclaimer

TaliMar Financial reserves the right to modify its loan terms at anytime.

TaliMar Financial is a California Hard Money Lender that specializes in funding residential and commercial Fix & Flip, Construction, and Bridge Loans. Our Fix & Flip / Construction lending programs will offer loans up to 70% of Completed Value. Our Bridge Lending program will offer loans up to 75% of Current Value.

License

CA DRE Lic. #01889802, NMLS #337721

Company Size (Number of Employees)

4

Established

2008

Associations

  • California Mortgage Association - Member
  • Urban Land Institute - Member

Office Locations

11440 West Bernardo Court, Suite #210, San Diego, CA, 92127

Primary Capital Source

  • Own Funds
  • Individual Investors
  • Family Offices
  • Single Capital Partner
  • Other Private Lending Companies
  • Bank Credit Line
  • Private Equity Funds
  • Hedge Funds
  • Friends & Family
  • Foundations

Alternative Capital Sources

  • Own Funds
  • Individual Investors
  • Other Private Lending Companies
  • Bank Credit Line
  • Private Equity Funds
  • Hedge Funds
  • Friends & Family
  • Foundations

Loan Structure for Majority of Loans

  • Own Balance Sheet
  • One Investor One Loan
  • Multiple Investor Fractionalized Note
  • LLC Syndicated Investors
  • Multiple Lender Participation

Alternative Loan Structures

  • Own Balance Sheet
  • One Investor One Loan
  • Multiple Investor Fractionalized Note
  • LLC Syndicated Investors
  • Multiple Lender Participation

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Residential Mortgage Brokerage
  • Residential Mortgage Banking
  • Note Investing
  • Residential Real Estate Investing
  • Real Estate Development

Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Percentage of Residential Property Loans Which are Fix and Flip

50%

Percentage of Residential Property Loans Which are Buy and Hold

50%

Percentage of Residential Property Loans Which are Owner-Occupied

0%

Percentage of Loans Secured by Land

5%

Percentage of Loans Secured by a Business (not real estate)

0%

Percentage of Commercial Property Loans Which are Ground-Up Construction

0%

Percentage of Residential Property Loans Which are Ground-Up Construction

10%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

15%

Total Number of Loans Funded to Date

500

Total Loan Volume Funded to Date

$199,999,999

2017 Number of Loans Funded

100

2017 Loan Volume Funded

$25,000,000

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$
%

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$

how will the loan be paid off?

acres

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