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Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
10/01/2020
Property Type
Single Family Residence
Property City
Escondido
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
TaliMar Financial (talimarfinancial.com) is excited to announce our most recent funding of a $320,000 Cash Out Refinance Bridge Loan in Escondido, CA. The Borrower will use the funds to purchase additional rental properties. The loan request was brought to us by our mortgage broker community. The Borrower had purchased the property as a 1031 exchange through a special purpose entity. Due to the complexity of the ownership, they preferred to use a hard money lender to ensure a quick and smooth close. This SFR equity cash-out loan was funded in October 2020.
Funded By
TaliMar Financial
California's Trusted Hard Money Lender