A client referred to Fidelis by a general contractor acting as an owner/builder needed a construction loan for a small single-family residential investment property in Julian, CA.
Fidelis Private Fund provided the borrower a $270,000 1st Trust Deed loan to refinance and provide funds to construct a single-family investment property appraised at $440,000 or 61% LTV.
The exit strategy is to refinance with a conventional loan.
The Fidelis Private Fund helped the borrower, as owner-builder, construct a residential investment property. At the same time, made it a smooth and hassle-free loan process.