A referral from a Fidelis investor had the opportunity to purchase a fixer-upper single-family residence in San Diego and needed to close fast.
The buyer needed a lender that would perform within days and make it an easy process.
Fidelis Private Fund provided the borrower a $150,00,000 1st Trust Deed purchase loan. The purchase price was $480,000, or a 31% LTV ratio.
The exit strategy is to remodel and stabilize the property then refinance with a conventional lender.
The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity and fund within a few weeks. At the same time, making it a smooth and hassle-free loan process.