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$487,000 Purchase/Rehab/Bridge Loan

$487,000 Purchase/Rehab/Bridge Loan

Success Story

A repeat borrower of Fidelis Private Fund was in a competitive bidding process for a single-family investment property in Spring Valley, a community of San Diego, which required a lot of rehab work. His ability to perform fast with a bridge loan from Fidelis won him the bid to purchase the property.

The property consisted of a two-bedroom, two-bath home and approximately 1,000 sq. ft. with a detached two-car garage. The borrower plans to completely renovate the improvements and possibly convert the garage into an ADU.

Fidelis Private Fund provided the borrower a $487,000 short-term  1st Trust Deed bridge loan with an initial disbursement of $412,000 and a holdback of $75,000 to cover the renovation costs. Once renovations are complete, the subject property will be conservatively valued at around $950,000 or 51% LTV.

The exit strategy is to sell the subject property once the renovations are complete.

Value Added

The Fidelis Private Fund helped the borrower to a quick close of escrow and provided a 1st TD loan with a holdback of funds, which assisted the borrower with renovation costs to rehab the single-family property. At the same time, making it a smooth and hassle-free loan process. 


Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.

$100,000 Refi./Cash-Out/Bridge Loan $550,000 Refinance/Rehab/Bridge Loan