Los Angeles, CA
Equity Cash Out03/16/2019
TaliMar Financial funded a $130,000 cash out refinance of a R1 residential lot in Los Angeles, close to Universal Studios. The Borrower purchased the lot over 12 months prior and had been working with the City to obtain building plan approval for a single family home. The Borrower requested the cash out refinance after identifying another investment opportunity. The funds will be used to acquire the new investment opportunity. We quickly underwrote the loan request, offered aggressive financing, and closed in less than 10 business days. This hard money loan was funded in March 2019.