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$125,000 Purchase/Bridge Loan

$125,000 Purchase/Bridge Loan

Success Story

A client was in escrow to purchase a residential investment property in the area of Mammoth Lakes, CA, for $192,000 and needed to bridge loan to close fast.

Fidelis Action

Fidelis Private Fund provided the borrower a $125,000 1st Trust Deed purchase loan on the subject property along with the cross collateral of another residential investment property for a combined overall 50% LTV ratio.

The exit strategy is to refinance with a conventional loan once the property is remodeled and stabilized.

Value Added

The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity with a quick close. At the same time, made it a smooth and hassle-free loan process.

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

$1,657,000 Purchase/Construction Loan $335,000 Refinance/Const/Bridge Loan