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$450,000 Purchase/ Bridge Loan

$450,000 Purchase/ Bridge Loan

Success Story

A repeat client and successful real estate broker was in contract to purchase a residential duplex with two detached residential units and needed to close in less than a week. The borrower is an experienced real estate investor and plans to remodel the improvements and increase the rents.

The buyer needed a lender that would perform within days and make it an easy process.

Fidelis Action

Fidelis Private Fund provided the borrower a $450,00,000 1st Trust Deed purchase loan with the borrower funding the improvement costs out of pocket. The purchase price was $550,000, with the after-completion value exceeding $650,000 or 69% LTV.

The exit strategy is to remodel and stabilize the property then refinance with a conventional lender.

Value Added

The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity and fund within a week. At the same time, making it a smooth and hassle-free loan process.

$1,265,000 Refinance/Construction/Bridge Loan $560,000 Purchase/ Bridge Loan