Recent Funding: $799,500 Hard Money Bridge Loan in Escondido, CA

Escondido, CA – TaliMar Financial is pleased to announce our most recent funding of a $799,500 Hard Money Bridge Loan secured in 1st position on a single-family home in Escondido, CA. The loan was underwritten to 70% of the current value for a term of 12 months.

Our client was referred to TaliMar Financial by their real estate agent who was assisting them in selling the property. The client had secured the property with an Option to Purchase Contract in mid-2016. The contract was expiring and the client needed to close quickly but was unable to get approved with conventional financing. TaliMar Financial stepped in to provide a short-term bridge loan to complete the purchase and give the client time to properly market the property.

This transaction was another great example of why a real estate investor would use a Hard Money Lender to purchase a property using a Hard Money Purchase Loan. In this scenario, the client did not have the time for a
conventional lender to underwrite the transaction and did not want to risk losing the opportunity to capitalize on purchasing the Real Estate Investment.

This was a win-win-win transaction for the client who could close on the purchase, the real estate agent representing the client on the sale, and the seller that could close on the property.

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.