A client referral needed a quick cash-out loan for other investment purposes secured by a free and clear single-family residential investment property in Long Beach, CA.
Fidelis Private Fund provided the borrower a $400,000 1st Trust Deed loan on a property conservatively valued at over $940,000 or a 43% LTV ratio.
The exit strategy is to refinance the property.
The Fidelis Private Fund helped the borrower by providing additional liquidity with a loan secured by a free and clear property. 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.