A local private lender needed to sell the note on a single-family residential investment property in San Diego, CA, which is nestled into the slope of Mount Soledad with ocean views. The note was sold for $1,200,000 and needed to close within a week.
Fidelis Private Fund arranged a $1,200,000 bridge loan 1st Trust Deed with another local, private lender at less than a 50% LTV and was able to close in 5 business days.
The challenge was finding a buyer/investor to purchase the note and perform within a week.
In this particular transaction, Fidelis Private Fund was able to help a local private lender quickly sell their existing note by finding an investor willing to purchase the note and close within a week.
Our goal is complete customer satisfaction, and if the loan request doesn’t fit Fidelis Private Fund as a direct lender, we will still help the client by assisting in whatever loan is needed. In this case, we tapped our extensive database to help arrange the purchase of the note, accomplishing what the client required.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goal.