Recent Funding: $350,000 Hard Money Purchase Bridge Loan in San Diego

Rancho Bernardo, CA– TaliMar Financial is pleased to announce our most recent funding of a $350,000 1st Position Hard Money Rental Property Bridge Loan secured on a single-family home in Rancho Bernardo, near San Diego, CA. The Borrower funds were coming from a 1031 exchange resulting from the sale of another rental property the Borrower had jointly owned with a partner.

The Buyer Agent representing the Borrower was referred to TaliMar Financial after the Buyer’s original Mortgage Lender declined the loan 3 days prior to close. The hurdle on this transaction was the Borrower is self-employed and had some credit issues due to prior litigation resulting from a failed business venture.

Because TaliMar Financial is a direct hard money lender, we were able to structure a loan that met the requirements of the Borrower while funding in less than 3 business days. And because of the large down payment in this scenario, we did not require an appraisal.

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.

Check out our hard money loan programs by clicking here.

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