Success Story
A repeat borrower, experienced general contractor, and real estate investor, requested financing for the acquisition of a vacant residential lot. With a proven track record of building and selling residential properties, the borrower plans to build a single-family home on the site to maximize its value.
Fidelis Private Fund provided a $217,500 1st Trust Deed loan to fund 50% of the $435,000 purchase price. The borrower is preparing plans and permits to build a speculative single-family residence on the 1.59-acre parcel.
Exit Strategy
The borrower plans to refinance with a construction loan once plans are finalized and permits are approved.
Value Added
Fidelis provided a seamless and efficient financing solution, enabling the borrower to acquire the property and advance their project. By partnering with Fidelis, the borrower is set up for success in executing their investment strategy.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.