)
Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
09/10/2019
Property Type
Single Family Residence
Property City
Ojai
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Location Type
Rural
Deal Summary
TaliMar Financial, a hard money lender, funded a $400,000 1st lien position equity cash-out loan secured by a single-family home in Ojai, CA. The Borrower approached TaliMar Financial through their mortgage broker. The subject property was used as a corporate retreat. Since the location was rural and the property use didn’t produce income, the Borrower had issues obtaining conventional financing. This SFR equity cash-out loan was funded in September 2019.
Funded By
TaliMar Financial
California's Trusted Hard Money Lender