Hard Money Loan for SFR Rehab Project Lakeside, San Diego, California

Funded by TaliMar Financial

$350,000

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

09/12/2020

Property Type
Single Family Residence
Property City

San Diego

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Loan-to-After-Repair Value

70%

Property Neighborhood

Lakeside

Exit Strategy

Sale

Deal Summary

In September 2020, TaliMar Financial funded a $350,000 hard money fix & flip loan for a single-family home in Lakeside, San Diego County, CA.

The Borrower intends to complete a full renovation of the subject property before listing it for sale. The renovations will include modifying the floor plan to offer more living space, replacing the kitchen and bathrooms, and installing new flooring.

The biggest hurdle in this transaction was the Borrower was seeking an aggressive hard money loan that included funds for the purchase and renovation costs. Because of the Borrower’s experience, we structured a loan totaling 70% of the completion value and included funds for the purchase renovation costs.

Funded By

TaliMar Financial

California's Trusted Hard Money Lender