An existing client needed a reliable lender to provide a bridge loan for the borrower, entitling the property for 30 apartment units on a prime property in the heart of Golden Hill, a community just east of Downtown San Diego.
Fidelis Private Fund provided the borrower with a $1,325,000 1st Trust Deed bridge loan. The market value will easily exceed $2,500,000 “as is” a Loan-to-Value (LTV) ratio of approximately 53%.
The Fidelis Private Fund helped the borrower by performing when needed, resulting in a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.