A repeat client was in escrow to purchase a 5,242 sq.ft. industrial building (warehouse/office) in San Diego, CA for $1,250,000, a below-market price, with a short escrow, and needed a lender to provide financing in less than two weeks. The property was 100% leased.
Fidelis Private Fund provided the borrower a $625,000 1st Trust Deed purchase loan or 50% of the purchase price in time to meet the deadline.
The exit strategy is to refinance with a conventional loan.
The Fidelis Private Fund helped the borrower acquire a property at a below-market price and close on the financing in 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.