Chula Vista, CA

$450,000

Single Family Residence

Refinance

12/15/2020
Transaction by
TaliMar Financial
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 rents 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.