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 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.