Success Story
A client referral needed a fast-closing loan to pull out cash for remodeling four multi-family units in preparation for selling a property in Anaheim, CA. The property had a conservative first trust deed mortgage of $263,000.
Fidelis Private Fund provided a $250,000 2nd trust deed refinance cash-out loan for the cosmetic remodel, with the property valued conservatively at $1,200,000 and a combined loan-to-value ratio of 43%.
The exit strategy is to sell the property upon completion of the remodel.
Value Added
The Fidelis Private Fund helped the borrower acquire a property quickly with the potential for added value potential. At the same time, making it a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.