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$1,175,000 1st DOT Purchase/Bridge Loan

$1,175,000 1st DOT Purchase/Bridge Loan

Success Story

A long-time client and repeat borrower needed funds to purchase a single-family residence in Los Angeles, where the client resides. The borrower also wanted a line of credit secured by two investment properties. Based on the strong client relationship, Fidelis was able to help the client.

Fidelis Private Fund provided the borrower with a $1,175,000 1st Trust Deed purchase loan that included a $875,000 line of credit secured by a total of three properties, resulting in a Loan-to-Value (LTV) ratio combined of approximately 65%.

The exit strategy is to sell the investment properties.

Value Added

The Fidelis Private Fund helped the borrower by performing quickly and allowing the borrower to purchase an added-value property while at the same time tapping into the equity in other real estate investment properties and providing some liquidity through a line of credit, resulting in a smooth and hassle-free loan process.

Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.

$350,000 2nd DOT Refinance/Bridge Loan $800,000 1st DOT Refinance/Bridge Loan