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$750,000 Refinance / Bridge Loan

$750,000 Refinance / Bridge Loan

Success Story

A referral from an existing client needed a refinance cash-out bridge loan. The purpose was to recoup a portion of an all-cash purchase of a residential condo investment property with oceanfront views in La Jolla, CA.

The original purchase price was $1,490,000 in the prior month before the subject refinance.

Fidelis Action

Fidelis Private Fund provided the borrower a $750,000 1st Trust Deed refinance cash-out bridge loan or 50% LTV ratio.

The exit strategy is to refinance with a conventional loan.

Value Added

The Fidelis Private Fund loan helped the borrower recoup cash equity from an all-cash purchase in preparation to be in a better position to refinance with a conventional loan.

Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.

$845,000 Purchase / Rehab Bridge Loan $938,000 Purchase / Const. Loan