Success Story
Fidelis Private Fund provided financing to a financially stable real estate investor to remodel a rental property and prepare it for sale. The borrower, a Santa Cruz resident with significant real estate holdings and strong monthly rental income, sought funding to maximize the property’s value through targeted renovations.
Fidelis provided a $500,000 1st Trust Deed loan, secured against a property owned free and clear, was approved with a 12-month term. The borrower’s financial strength, which includes substantial income resulted in a conservative 24% LTV ratio.
Exit Strategy
The borrower plans to sell the property upon completion of the remodel, leveraging its enhanced value to achieve a successful exit.
Value Added
Fidelis facilitated a seamless and efficient loan process, enabling the borrower to tap into the equity of their rental property without financial strain. This transaction highlights Fidelis’ commitment to providing secure and flexible financing solutions tailored to the needs of seasoned investors.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.