San Diego, CA

$395,500

Single Family Residence

Residential Fix and Flip

11/03/2020
Transaction by
TaliMar Financial
San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $395,500 1st position hard money Fix & Flip loan secured on a Single Family Home in San Diego, CA. The Borrower first approached TaliMar Financial to sign up for our Preferred Borrower Program which offers fix and flip real estate investors a Line of Credit, access to our Proof of Funds Letters, and expedited closings. With our POF Letter, they submitted their offer and had it accepted. We closed in less than 5 business days. The Borrower intends to complete a moderate renovation of the home before listing it for sale. The renovations will include modifying the floor plan, updating the kitchen and bathrooms, and replacing the flooring throughout. The biggest hurdle on this transaction was that the seller demanded a quick close. They were so adamant about the quick close, the listing agent contacted us and requested written confirmation we could close in less than 5 business days. After the close, the listing agent follow up and thanked us for such a smooth closing