Success Story
A repeat client acquired a single-family investment property in Oceanside, California, through a probate sale for $1,550,000. The purchase was financed with a seller carryback loan of $1,000,000 that now needs to be paid off. Since acquiring the property, the client has made significant improvements, increasing the value. Currently, the property is under contract to be sold for $2,300,000.
Fidelis Private Fund provided the borrower with a $1,000,000 1st Trust Deed refinance loan, resulting in a Loan-to-Value (LTV) ratio of approximately 44%.
The exit strategy is to sell the property for $2.3M.
Value Added
The Fidelis Private Fund helped the borrower perform quickly and pay off a matured seller carryback note, resulting in a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.