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$2,200,000 1st DOT Purchase/Bridge Loan

$2,200,000 1st DOT Purchase/Bridge Loan

Success Story

A repeat client needed a fast-closing loan to purchase an existing 10-unit apartment building in the community of North Park in the city of San Diego and didn’t have time to secure conventional financing. The property required updating, and the borrower plans to remodel the units with their own funds and raise rent to market rates, significantly increasing the property’s value. Fidelis stepped in to provide the necessary acquisition financing to meet the borrower’s deadline.

Fidelis Private Fund provided the borrower with a $2,200,000 1st Trust Deed purchase loan. The loan resulted in a 59% Loan-to-Value (LTV) ratio based on ARV.

The exit strategy is to refinance with a conventional lender.

Value Added

The Fidelis Private Fund helped the borrower with an acquisition loan quickly, allowing the borrower to add value to the property through remodeling and raising rents, resulting in a smooth and hassle-free loan process.

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

$3,000,000 1st DOT Purchase/Bridge Loan $1,825,000 1st DOT Refi./Const. Bridge Loan