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$250,000 2nd DOT Refinance-Cashout/Bridge Loan

$250,000 2nd DOT Refinance-Cashout/Bridge Loan

Success Story

A Fidelis investor was facing a timing challenge. He needed to close on purchasing another investment property and needed some additional cash to close. The request was to tap the equity in his house for the business-purpose loan.

Fidelis Private Fund provided the borrower with a $250,000 2nd trust deed refinance loan, secured by a single-family residence in Chula Vista, CA, valued conservatively at $1,900,000 or a combined loan-to-value ratio of 46%, including the 1st Trust Deed loan.

The exit strategy is the sale of another investment property.

Value Added

The Fidelis Private Fund helped a borrower access equity in his house for a business-purpose loan. Fidelis enabled the borrower to access the necessary funds to purchase another property. This resulted in a smooth and hassle-free loan process, allowing the borrower to seize the desired investment opportunity.

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

$3,000,000 1st DOT Purchase/Bridge Loan