Los Angeles, CA

$444,000

Single Family Residence

Residential Fix and Flip

11/30/2020
Transaction by
TaliMar Financial
TaliMar Financial is pleased to announce our most recent funding of a $444,000 Hard Money Fix and Flip loan secured on a single-family home in Los Angeles, CA. The Borrower will complete a cosmetic renovation before listing the property for sale. As a Los Angeles Hard Money Lender, our private money fix and flip loan funded the purchase and 100% of the renovation costs. The renovations will include updating the floor plan, replacing the kitchen and bathrooms, and installing new flooring throughout. The exterior will be updated and new landscaping added. The biggest hurdle in this transaction was the client was new to TaliMar Financial and had never funded a fix and flip loan on our platform. They had reached out to TaliMar to learn about our Preferred Borrower Lending Program and obtain a pre-approval for a hard money fix and flip loan. Once they were approved for the program and issued a Letter of Credit, our client identified an opportunity and closed on it. This was another example of a win-win…