San Diego, CA
Single Family Residence
Residential Fix and Flip09/12/2020
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 on 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.