Fix and Flip Loan for South Los Angeles House

Funded by TaliMar Financial

Los Angeles, CA


Single Family Residence

Residential Fix and Flip

Transaction by
TaliMar Financial
In January 2021, TaliMar Financial funded a $647,500 1st position Fix and Flip loan for a single family home in the Vermont Square neighborhood of Los Angeles, CA. The property investor will complete a cosmetic update of the property and then re-list it for sale. We assisted with purchasing this investment property by first issuing a Proof of Funds letter. The POF Letter was included in their offer, and after a call with the listing agent, the seller accepted the offer. We closed 5 days later. No appraisal was required. The loan was structured to include funds for the purchase and 100% of the renovation costs. The renovation funds will be disbursed to the borrower in five pre-determined draws. After the renovations are completed, the value is expected to be around $925,000. The loan term is 12 months.