A returning client, a real estate investor, requested a loan to buy a single-family home in San Diego with the potential for added value.
The purchase price was $1,055,000. Fidelis Private Fund provided the investor a $475,000 loan through a 1st Trust Deed, equating to a 45% LTV ratio.
The borrower plans to remodel and then sell the property as their exit strategy.
Fidelis Private Fund not only made it possible for the borrower to seize a valuable investment opportunity but also ensured the loan process was seamless and trouble-free.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.