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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
04/27/2019
Property Type
Single Family Residence
Property City
San Diego
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Completed Value
65%
Deal Summary
TaliMar Financial, a hard money lender, funded a $338,000 fix & flip loan in San Diego, California. The loan was 65% of the Completion Value and included funds for the purchase, renovation, and interest payments. The loan did not include a pre-payment penalty. Our Client was a first-time Borrower with substantial experience rehabbing single-family homes. As a result, he qualified for our Tier 1 pricing. This SFR purchase bridge loan was funded in April 2019.
Funded By
TaliMar Financial
California's Trusted Hard Money Lender