A previous client owned a single-family residential investment home free and clear, recently remodeled ready for sale, and needed $150,000 cash out to pay off another investment debt.
The conservative market value of the property was $890,000 or a 17% LTV ratio. The property was in an excellent San Diego residential neighborhood with great views.
Fidelis Private Fund provided the borrower a $150,000 1st Trust Deed refinance loan to pull cash out quickly.
The exit strategy is to sell the house in the next few months.
The Fidelis Private Fund helped the borrower quickly obtain a refinance cash-out loan on a single-family residential property with no hassle.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.