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$300,000 Refinance / Const. Loan

$300,000 Refinance / Const. Loan

Success Story

A repeat Fidelis client, an owner-builder/contractor, needed a construction loan to complete a single-family investment property.

The market value of the completed property is conservatively estimated based on sale comps at $600,000 or 50% LTV.

Fidelis Action

Fidelis Private Fund provided the borrower a $300,000 short-term 1st Trust Deed construction loan with the proceeds funded as a percentage of completion.

The exit strategy is to sell the property within six months.

Value Added

The Fidelis Private Fund helped a long time client and repeat borrower fund the construction loan with little to no hassle.

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

$295,000 Purchase / Bridge Loan $450,000 Purchase / Bridge Loan