An existing client referred a borrower who wanted to quickly purchase an investment property as a rental to provide for a relative’s growing family needs.
Fidelis Private Fund provided the borrower a $480,000 short-term 1st Trust Deed loan to purchase a single-family investment property for $625,000 or 75% of the purchase price.
The exit strategy is to refinance with a conventional loan.
The Fidelis Private Fund helped the borrower acquire an investment property to accommodate a relative’s family needs. At the same time, it made it a smooth and hassle-free loan process.