Recent Funding: $380,000 2nd Position Bridge Loan in Cardiff, CA

Cardiff, CA – TaliMar Financial is pleased to announce our most recent funding of a $380,000 Hard Money Bridge Loan secured in 2nd Position on a single-family rental in Cardiff, CA. The Borrower was seeking a short term bridge loan to fund the renovation of other rentals he currently owns.

Our client originally purchased the property three years ago. They obtained building plan approval to increase the size of the property and add an accessory dwelling unit (ADU). The ADU will increase the income of the property by a third.

The biggest hurdle real estate investors have when obtaining conventional or hard money financing for rental properties with an accessory dwelling unit (ADU) is to establish value. There is typically a lack of comparable sales of similar properties which requires lenders to use an income approach.

TaliMar Financial works closely with our Borrowers who own properties with additional living units to establish value by using both comparable sales and an income approach.

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.