A repeat client negotiated a below-market price to purchase a single-family investment property in Santee, CA, that needed some cosmetic improvements.
The buyer needed a lender that would perform fast and make it an easy process.
Fidelis Private Fund provided the borrower a $390,00,000 short-term 1st Trust Deed purchase loan with the borrower funding any improvement costs out of pocket. The purchase price was $488,000.
The exit strategy is to sell the property in less than three months for a market value of $625,000 or 62% LTV based on sale comparables.
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.