Success Story
A repeat client needed to refinance an existing residential duplex investment property in San Diego as a bridge loan in preparation for adding additional units to the property.
Fidelis Private Fund provided the borrower with a $1,000,000 1st Trust Deed refinance loan, secured by a residential duplex and cross-collateralized with a single-family residential investment property. The loan resulted in a combined 60% Loan-to-Value (LTV) ratio.
The exit strategy is a construction to add multiple ADUs to the property.
Value Added
The Fidelis Private Fund helped the borrower by refinancing a matured loan in anticipation of assisting the borrower with a future construction loan, resulting in a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.