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$700,000 Purchase/Bridge Loan

$700,000 Purchase/Bridge Loan

Success Story

A repeat client was in contract for almost two years to purchase a single-family residence in the Bay Park area of San Diego with a locked-in purchase price of $825,000.

The buyer did not close on the transaction until July 2021 due to difficulty in removing the tenants. During that time, the property value when up over $500,000, creating an extremely profitable investment with the locked-in purchase price.

Fidelis Action

Fidelis Private Fund provided the borrower a $700,000 1st Trust Deed purchase loan, and the borrower immediately turned around and entered escrow to sell the property for $1,395,000 or a 50% LTV ratio.

Value Added

The Fidelis Private Fund worked patiently with the borrower over the almost two-year period to fund a long-drawn-out purchase loan, making it easy, allowing the borrower to cash in on an excellent investment opportunity.

$675,000 Purchase/Bridge Loan $600,000 Refinance/Rehab/Bridge Loan