Recent Funding: $636,000 Fix and Hold Loan in San Diego, CA

San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $636,000 Hard Money Student Housing Fix and Hold Loan secured on a single-family home in San Diego, CA.

The client was originally referred to us by their agent who had suggested using a hard money lender to fund their Hard Money Purchase and Renovation Loan. Using conventional financing was not an option for the
Borrower because it was a 1031 exchange that required funds for renovation costs and had to close in 5 business days.

TaliMar Financial structured a loan that took into consideration the net proceeds that were going to be used in the purchase and then calculated the remaining proceeds to cover the difference and the construction budget. The loan was underwritten for 18 months which is enough time for the borrower to complete the renovations and lease the property to students for the following year.

Student Housing has become a popular real estate investment because of the high rents the properties receive. However, financing the purchase of a Student Housing Real Estate Investment can be difficult and therefore a Hard Money Student Housing Loan may be the right option.

About TaliMar Financial

TaliMar Financial is a San Diego hard money lender that specializes in funding residential and commercial Fix and Flip, Construction, and Bridge Loans. As a direct private money lender, we offer aggressive financing options and typically close our transactions in less than 7 business days. We work directly with real estate investors and property owners as well as real estate agents, mortgage brokers, and other real estate professionals.

Contact TaliMar today at (858) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.