Success Story
An experienced real estate investor needed to close within days of finalizing an offer on a vacant single-family investment property. Referred by a reputable mortgage broker with a strong Fidelis relationship, the borrower needed a lender capable of moving quickly while also financing the planned renovation.
Fidelis provided a $758,000 1st Trust Deed purchase and rehab loan, including $150,000 for renovations. The borrower is contributing 20% toward the purchase, with an estimated $1.2 million ARV, resulting in approximately 63% LTV upon completion.
The borrower plans to complete the renovation and sell the property, repaying the loan from the sale proceeds.
Value Added
Fidelis combined speed, relationship-based lending, and value-add financing to help an experienced investor close on a time-sensitive opportunity and fund the improvements needed to reposition the property.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.