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$390,000 Purchase/ Bridge Loan

$390,000 Purchase/ Bridge Loan

Success Story

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 Action

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.

Value Added

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.

$560,000 Purchase/ Bridge Loan $1,155,000 Purchase/ Bridge Loan