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$1,425,000 Refinance / Bridge Loan

$1,425,000 Refinance / Bridge Loan

Success Story

The owners own and operate an adult residential care facility. They needed to refinance to pay off a partner before they could refinance with an approved SBA loan. They needed to close fast.

Fidelis Action

Fidelis Private Fund provided the borrower a $1,425,000 short-term 1st Trust Deed refinance loan. The “as is” appraised value was $2,150,000 or 66% LTV.

The exit strategy is to refinance with the approved SBA loan.

Value Added

The Fidelis Private Fund helped the borrower by providing a quick short-term bridge loan to revise the ownership structure to refinance with a long-term SBA loan at a low-interest rate. At the same time, making it a smooth and hassle-free loan process.

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

$407,000 Purchase/ Rehab Bridge Loan $200,000 Refinance / Rehab / Bridge Loan