Success Story
A new client approached us seeking to purchase a single-family investment property in Escondido, California, for $1,250,000. However, they desired a larger loan than we were willing to fund. Fortunately, the client owned another free and clear single-family investment property. By being flexible, Fidelis was able to meet the borrower’s loan request by cross-collateralizing both properties with a 1st trust deed.
Fidelis Private Fund provided the borrower with a $875,000 1st Trust Deed purchase loan, secured by two residential investment properties, resulting in a combined Loan-to-Value (LTV) ratio of approximately 49%.
The exit strategy is to sell the property purchased.
Value Added
The Fidelis Private Fund helped the borrower by being creative in cross-collateralizing the loan with two properties to meet the borrower’s desired loan request, resulting in a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.