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$530,000 Purchase/Bridge Loan

$530,000 Purchase/Bridge Loan

Success Story

A client referral was in escrow to purchase a commercial property to be used as an owner-occupied commercial property; however, tenants still in the property needed to be vacated before a conventional lender would fund the loan.

The borrower needed a flexible bridge lender to fund the purchase and allow time for the borrower to vacate the tenants and cure some deferred maintenance.

Fidelis Action

Fidelis Private Fund provided the borrower a $530,000 1st Trust Deed purchase loan with a purchase price of $816,000 or 65% LTV ratio.

The exit strategy will be to refinance with an SBA lender.

Value Added

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

$565,000 Purchase/Bridge Loan $150,000 Purchase/Bridge Loan