Success Story
A client referral wanted to expedite the construction loan process and needed a lender to accommodate them in providing a loan to build a single-family residence in Murrieta, CA.
Fidelis Private Fund provided the borrower with a $1,430,000 1st Trust Deed construction loan to be disbursed through fund control on a percentage-of-completion basis. The subject’s appraised value as complete is $2,200,000, or 65% LTV ratio.
The exit strategy is to refinance with a conventional loan.
Value Added
The Fidelis Private Fund helped the borrower expedite what can be a difficult loan process with a conventional lender, making it a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.