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$245,000 Purchase / Bridge Loan

$245,000 Purchase / Bridge Loan

Success Story

A repeat client negotiated a below-market price to purchase a single-family investment property that needed to close within a week. The borrower planned to remodel the house for resale.

The buyer was scheduled to close in a few days and needed a lender to perform and make it happen.

Fidelis Action

Fidelis Private Fund provided the borrower a $245,00,000 short-term 1st Trust Deed purchase loan, with the borrower funding the improvement costs out of pocket for the remodel. The purchase price was $380,000 or 65% loan to cost.

The exit strategy is to sell the property in less than three months for a market value in the $500,000 range based on sale comparables.

Value Added

The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity within a matter of days. 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.

$270,000 Purchase / Bridge Loan $400,000 Purchase / Bridge Loan