Vista, CA

$640,000

Single Family Residence

Residential Fix and Flip

04/10/2021
Transaction by
TaliMar Financial
TaliMar Financial is pleased to announce the funding of a $640,000 Hard Money Fix and Flip loan secured on a Single Family Home in Vista, CA. Our Borrower will complete a cosmetic update of the property before listing it for sale. Our loan funded 80% of the purchase price and 100% of the renovation costs, equating to 70% of the completion value. The renovation funds will be held in a third-party construction reserve account and disbursed to the borrower over the course of the renovations. One of the biggest hurdles in acquiring a Residential Fix and Flip Investment in most major metropolitan markets is the competition from other real estate investors. The biggest difference that sets two real estate investors apart when competing for a property is their financing. By using a well-capitalized Hard Money Lender that specializes in Fix and Flip Loans, such as TaliMar Financial, your chances of securing the property will significantly increase. In this scenario, our client had been approved for the TaliMar Financial Preferred Borrower Loan Program. Be getting approved, our Borrower had access to a Letter of Credit, Property Specific Proof of Funds Letters, and Expedited Closings. Once the Borrower was notified that they had secured the property, we quickly worked with them to obtain the project budget, scope of work, and finished value. Within 5 days of receiving their diligence items, we had approved and closed the loan.