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$550,000 Purchase/Bridge Loan

$550,000 Purchase/Bridge Loan

Success Story

A repeat client negotiated an excellent price to purchase a single-family investment property in San Diego that needed cosmetic improvements.

The buyer needed a lender that would perform fast and make it an easy process.

Fidelis Action

Fidelis Private Fund provided the borrower a $550,00,000 short-term 1st Trust Deed purchase loan commitment with a $50,000 holdback to accommodate a remodel. The initial disbursement was $500,000, with an expected future value estimated at $840,000 or 65% LTV.  The purchase price was $660,000.

The exit strategy is to sell the property after the remodel.

Value Added

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

$310,000 Refinance/Const. Loan $995,000 Refinance/Bridge Loan