Equity Cash Out05/14/2019
TaliMar Financial is excited to announce the recent funding of a 1,200 SF partially completed manufactured home in Escondido, CA. The funds were used to finish the renovation and purchase another investment property. The Borrower was introduced to TaliMar Financial through another real estate investor. The biggest hurdle on the transaction was the partially completed home had not received a certificate of occupancy. The valuation considered land that included a manufactured home less the cost to complete. Funds were held back for future construction costs. Though the underwriting was more difficult than our traditional hard money loans, TaliMar Financial was up to the task and found a solution.