Success Story
A referral from an excellent client needed a loan to buy out a partner on residential condominium investment property in La Jolla, CA, and needed to close fast. As an abundance of caution, the loan was also cross-collateralized with the owner’s single-family residence.
Fidelis Private Fund provided the borrower a $475,000 1st Trust Deed refinance bridge loan resulting in a 74% LTV ratio.
The exit strategy is to refinance with a conventional loan.
Value Added
The Fidelis Private Fund helped the borrower improve their financial position with the buy-out of an investment partner. At the same time, we made it a smooth and hassle-free process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.