A client referral was in escrow to purchase a commercial property with a ten-day close and is currently used as an autobody shop located south of downtown San Diego. The buyer intends to occupy the property with the same use as an owner-occupied property.
The borrower needed a bridge lender to fund the purchase within the short timeline.
Fidelis Private Fund provided the borrower a $615,000 1st Trust Deed purchase loan with a purchase price of $950,000 or 65% LTV ratio.
The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity within the short time frame needed. 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.