A repeat client, businessman, and real estate investor needed an acquisition loan to purchase a large ranch property in San Diego County, including two single-family residences and outbuildings on one parcel. The borrower needed to close fast and needed a lender who could perform and meet the short deadline.
Fidelis Private Fund provided the borrower a $406,000 1st Trust Deed purchase/bridge loan for a 65% LTV ratio.
The exit strategy is to refinance with a conventional loan once the property is fully leased.
The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity with a quick close, meeting the client’s deadline. 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.