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$500,000 Purchase/Rehab/Bridge Loan

$500,000 Purchase/Rehab/Bridge Loan

Success Story

A repeat client was in escrow to close on the purchase of a single-family investment property and had to close in 10 days. The purpose of the loan was to acquire the property, remodel and convert one of the bedrooms to a separate unit.

The buyer needed a lender that would perform fast and accommodate the borrower with additional funds to remodel the improvements for significant added value.


Fidelis Action

Fidelis Private Fund provided the borrower a $500,00,000 1st Trust Deed purchase loan.

The initial disbursement was $390,000 with a $110,000 holdback for improvements with estimated market value upon completion of $770,000 or 65% LTV.

Value Added

The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity and close within days. At the same time, making it a smooth and hassle-free loan process.

$675,000 Purchase/Bridge Loan $1,100,000 Purchase/Bridge Loan