Success Story
A borrower had owned a valuable commercial parcel since 2013 and faced a recent financial setback and needed short-term liquidity to pursue a new property opportunity. The borrower needed a flexible, fast-moving lender that could underwrite based on asset value and a clear exit strategy.
Fidelis Private Fund provided a $490,000 bridge loan secured by a 1st Trust Deed on a 42,000+ square foot commercially zoned parcel of land. The property, owned by the borrower since 2013, was appraised at $1,050,000, resulting in a conservative loan-to-value (LTV) ratio of 47%. The loan was structured with a 12-month term, interest-only payments, and a built-in interest reserve, allowing the borrower to focus on selling the property and executing their investment strategy without short-term cash flow concerns.
Exit Strategy
The borrower plans to sell the subject property, which is actively listed with a licensed real estate broker.
Value Added
Fidelis delivered a fast and flexible financing solution for a borrower with valuable real estate but unconventional financial circumstances. By focusing on the strength of the collateral and a defined exit plan, Fidelis enabled the borrower to unlock liquidity and move forward with their investment goals.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.