Hard Money Loan for SFR Fix & Flip Project in San Diego, California

Funded by TaliMar Financial

$290,250

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

04/18/2019

Property Type
Single Family Residence
Property City

San Diego

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Exit Strategy

Sale

Deal Highlights

We were able to underwrite the fund transaction in less than 5 business days.

Deal Summary

TaliMar Financial, a hard money lender, funded a $290,250 1st lien position hard money fix and flip loan for a single-family home in San Diego, California. The after-repair value was 70%. The loan included funds for the purchase and future renovation and holding costs. Once the Borrower completes the renovation, they will list the property for sale. The Borrower first approached TaliMar Financial with a Proof of Funds letter for the purchase. Once under contract, TaliMar Financial was able to underwrite the fund transaction in less than 5 business days. This hard money fix and flip loan was funded in April 2019.

Funded By

TaliMar Financial

California's Trusted Hard Money Lender