A borrower, well known to Fidelis, had an unfortunate tragedy in the family and inherited a free and clear residential condo in the community of Mission Valley in San Diego and needed a short-term, cash-out bridge loan within ten days.
Fidelis Private Fund provided the borrower a $400,000 1st Trust Deed refinance cash-out loan or a conservative 57% LTV.
The exit strategy is to refinance the loan with a conventional lender.
The Fidelis Private Fund helped the borrower immediately with the cash liquidity needed. At the same time, we made it a smooth and hassle-free process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.