Why Hard Money

Hard money lenders fill an important role in the real estate industry. For many borrowers who have poor or no credit, cannot demonstrate consistent income, or own a distressed or tough to value real estate asset depend on the private lending industry for their financing. For the last 8 years, TaliMar Financial has filled this niche by offering a secure source of capital for residential and commercial real estate investors and owners.

Below are 3 common reasons why borrowers and referring brokers come on TaliMar Financial.

Fix & Flip / Construction Loans

Traditional lenders still shy away from financing fix and flip and construction loans because of the risk. Banks prefer to lend on stabilized assets that offer immediate security for their loan, not a distressed residential or commercial asset whose true value can only be unlocked after a renovation.

TaliMar Financial is well positioned to finance these types of transactions. As a hard money lender, we have the flexibility to value an asset on its After Repair Value (ARV). Once the borrower has presented a detailed project plan on how to increase the value of the underlying property and have demonstrated an increased value with comparable sales, we can structure a financing package to assist that borrower.

Bridge Loans (Residential, Commercial)

Owners of residential income property and commercial real estate investors occasionally require immediate financing for various reasons that may include

• Quickly acquiring a property in which bank financing simply can’t act quick enough,
• Require a “cash out” refinance to buy another investment property or to Fund a repair / update on an existing property,
• Recapitalize a real estate asset that may have a maturing loan

TaliMar Financial works closely with real estate investors that own and are seeking a bridge loan for a residential or commercial real estate asset. Some of the most drawn out underwritings with a traditional bank can simply take TaliMar Financial to fund in 5 days.

For example, an operator of a used car lot owned the property with no debt. He was seeking a $150,000 bridge loan to update the facility with the intention of refinancing our loan once the repairs were complete. He was unable to demonstrate a consistent stream of income and the property was in disrepair. TaliMar structured an 18-month bridge loan for the borrower who completed the repairs and was able to obtain traditional bank financing with an updated asset.

Owner Occupied Residential

For many homebuyers, especially foreign nationals, buyers with poor or little credit, or last minute bank denials require an alternative lending option. Though a more difficult loan to structure due to the stringent underwriting regulations, TaliMar Financial has successfully worked with homeowners to quickly close on their purchase and/or refinance their existing loan.

TaliMar Financial works closely with homebuyers that can demonstrate an ability to make the monthly payments and have 35% down. We can structure a short term lending option that will allow homeowners to close on the property quickly. Once they demonstrate a history of payments, most homeowners refinance the loan with more traditional bank financing.

Conclusion

TaliMar Financial prides itself as being an alternative lending option for residential and commercial real estate loans. As a private lender, we have the flexibility to structure a loan that meets the specific requirements of nearly any situation.

Call us today at (858) 613-0111 x1 to learn more about our hard money lending options or visit www.talimarfinancial.com.