A client referral recently built a residential duplex in the community of Hillcrest in San Diego, CA, and owned the property free and clear. The borrower needed a quick cash-out loan to buy out his partner.
Fidelis Private Fund provided the borrower a $760,000 1st Trust Deed refinance cash-out loan resulting in a conservative 69% LTV.
The exit strategy is to refinance with a conventional loan.
The Fidelis Private Fund helped the borrower by immediately providing a cash-out loan to buy out a partner in the short time frame needed. At the same time, we made it a smooth and hassle-free process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.