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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
12/15/2020
Property Type
Property City
Chula Vista
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
TaliMar Financial is pleased to announce our most recent funding of a $450,000 Hard Money Bridge Loan secured on a single-family rental in Chula Vista, CA. The client was refinancing a high-rate hard money loan that was maturing. The biggest hurdle in this transaction was our Borrower showed little income except for the rent received on the property. As a business owner, Covid had impacted their income and they were in the process of reducing their overhead expenses. Because they showed strong credit and good payment history, we were able to approve the loan and expedite the closing. This hard money loan was funded in December 2020.
Funded By
TaliMar Financial
California's Trusted Hard Money Lender