An experienced real estate investor and repeat client needed a quick bridge loan to purchase a single-family residential investment property in Pacific Beach and had to close in 10 days.
Fidelis Private Fund provided the borrower with an $862,500 1st Trust Deed purchase loan. The estimated market value after remodel is over $1,350,000 or 64% LTV ratio.
The exit strategy is to refinance with a conventional loan or sell the property.
The Fidelis Private Fund helped the borrower move quickly to provide the loan amount needed to capitalize on an excellent investment opportunity. At the same time, it was a smooth and hassle-free loan process.