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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
09/03/2019
Property Type
Single Family Residence
Property City
Point Loma
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Exit Strategy
Sale
Deal Summary
TaliMar Financial, a hard money lender, funded a $1,540,000 1st lien position private money construction loan secured by a single-family home in Point Loma, CA. The Borrower approached TaliMar Financial with the loan request after his original construction loan was maturing. TaliMar Financial structured a loan that paid off the original loan and provided some additional funds to complete the project. Once the construction is complete, the Borrower will list the property for sale. This SFR private money construction loan was funded in September 2019.
Funded By
TaliMar Financial
California's Trusted Hard Money Lender