A client referral and real estate investor needed a loan to acquire a single-family residential investment property in San Diego with added-value potential. The purchase price was $840,000.
Fidelis Private Fund provided the borrower a $200,000 1st Trust Deed purchase loan resulting in a 24% LTV ratio.
The exit strategy is to sell the property once it is remodeled by the borrower.
The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity with a quick close, meeting the client’s deadline. 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.