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$400,000 2nd DOT Refinance/Bridge Loan

$400,000 2nd DOT Refinance/Bridge Loan

Success Story

A repeat client required a fast closing to pull cash out of an existing income property for another investment opportunity.

Fidelis Private Fund provided the borrower a $400,000 2nd Trust Deed refinance bridge loan. The first trust deed was $856,000. The conservative estimated value is $2,300,000 or a 55% combined LTV ratio.

The exit strategy involves refinancing with a conventional loan or sale of the property.

Value Added

The Fidelis Private Fund helped the borrower move fast to utilize existing equity in a property through a cash-out bridge loan. 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.

$1,325,000 1st DOT Refinance/Bridge Loan $480,000 1st DOT Purchase/Bridge Loan