Success Story
A reputable mortgage broker referred the borrowers. They needed a lender who could provide short-term acquisition financing for an SFR while allowing them to fund the renovation themselves and refinance once the property was stabilized.
Fidelis Private Fund provided a $430,000 first trust deed purchase bridge loan to acquire a single-family residential investment property with a $539,000 purchase price, representing approximately an 80% loan-to-purchase price ratio. The borrowers will complete the renovations using their own funds, reducing lender exposure while demonstrating their commitment to the project, improving the LTV ratio to well below 60%.
The exit strategy is a conventional refinance once renovations are complete and the property is stabilized, allowing the bridge loan to be repaid within the loan term.
Value Added
This transaction demonstrates Fidelis Private Fund’s ability to provide flexible bridge financing for investors pursuing value-add opportunities. By focusing on the overall investment strategy and borrower commitment, Fidelis delivered a straightforward acquisition loan that allowed the investors to move forward quickly and efficiently.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.