A repeat client negotiated a below-market price to purchase a “Fixer-Upper” single-family residential investment property in an excellent location in the Del Cerro community of San Diego. The borrower had to close in a matter of days and needed a lender that would perform fast and make it an easy process.
Fidelis Private Fund provided the borrower a $545,00,000 short-term 1st Trust Deed purchase loan that included a $50,000 holdback for rehab costs.
The loan is to be outstanding for approximately three months. The exit strategy is to sell the property for an expected market value of $840,000 or 65% LTV once the remodel is complete.
The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity within a matter of days. 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.