Purchase Bridge Loan for Condo in San Diego, California

Funded by TaliMar Financial


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Property City

San Diego

Property State


Loan Term (months)


Lien Type

1st Trust Deed

Payment Type

Interest Only

Purchase Price


Loan-to-Purchase Price


Borrower's Contribution to Purchase


Source of Borrower's Contribution


Location Type


Property Condition


Occupancy at Closing


Number of Units


Exit Strategy

Conventional Loan

Deal Highlights

We closed in less than 5 business days.
We required no appraisal and requested minimal documentation.

Deal Summary

In March 2021, TaliMar Financial funded an $860,000 1st mortgage bridge loan secured by a condominium in San Diego, CA. The loan was referred to us by a mortgage broker after their original conventional lender was not going to be able to close on time. The Borrower had removed loan contingencies and the seller had multiple backup offers so the Borrower decided to fund a short-term purchase bridge loan. With a quick call between the mortgage broker and Borrower, we structured a loan that met the requirements of the Borrower and closed in less than 5 business days. The mortgage broker, the Borrower, the seller, and both agents were extremely appreciative of our last minute efforts to get the transaction closed. The Borrower put down 25% cash, and our loan funded 75% of the purchase price with an 18-month term. We required no appraisal and requested minimal documentation. The client intends to refinance the bridge loan with conventional bank financing.

Funded By

TaliMar Financial

California's Trusted Hard Money Lender