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$340,000 Refi/Bridge Loan

$340,000 Refi/Bridge Loan

Success Story

A repeat client needed to buy out a partner quickly on a single-family investment property in Escondido, CA, by refinancing the property and pulling cash out.

Fidelis Action

Fidelis Private Fund provided the borrower a $340,000 short-term 1st Trust Deed refinance loan on a property conservatively valued at $700,000 or 49% loan to value ratio.

The exit strategy is to refinance with a conventional loan.

Value Added

The Fidelis Private Fund helped the borrower accommodate a partner who needed to be bought out of the partnership quickly. At the same time, it made it a smooth and hassle-free loan process.

$1,500,000 Refinance/Rehab/Bridge Loan $1,500,000 Purchase/Bridge Loan