A repeat client owned a single-family investment property free and clear and was in the process of a complete remodel. As they were approaching completion, the borrower was short on the liquidity to finish the remodel and needed a quick bridge loan for $100,000.
Fidelis Private Fund provided the borrower a $100,000 1st Trust Deed refinance cash-out loan or a 20% LTV.
The exit strategy is to sell the property at completion.
The Fidelis Private Fund helped the borrower by immediately providing the cash liquidity needed. At the same time, we made it a smooth and hassle-free process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.