Hard Money Bridge Loan for SFR in Lemon Grove, California

Funded by TaliMar Financial

$375,000

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

11/06/2020

Property Type
Single Family Residence
Property City

Lemon Grove

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Renovation Project Scope

Heavy Rehab

Exit Strategy

Sale

Borrower Credit Rating

Excellent

Deal Highlights

TaliMar Financial closed this fix and flip loan in 3 business days!
Their original real estate investor canceled escrow.
Preferred Borrower Loan program.

Deal Summary

San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $375,000 Hard Money Bridge loan secured on a single-family home in Lemon Grove, CA. The Borrower will complete a heavy renovation of the investment property before listing it for sale.

TaliMar Financial closed this fix and flip loan in 3 business days! Our client notified us that he was putting a property under contract after the original real estate investor canceled escrow. The only stipulation was that they need to close on the fix and flip bridge loan in 3 days. TaliMar Financial submitted our term sheet for the hard money fix and flip loan and completed the underwriting that same day and released the loan documents the next day. That was a quick close hard money fix and flip loan!

Our repeat client, a San Diego real estate investor, had been approved for our Preferred Borrower Loan program. That meant that they had access to a Letter of Credit, property-specific Proof of Funds Letters, and expedited closings. This is what separates TaliMar Financial from other San Diego hard money lenders. This SFR fix and flip loan was funded in November 2020.

Funded By

TaliMar Financial

California's Trusted Hard Money Lender