Success Story
An experienced real estate broker and past client needed to close quickly on a purchase of a single-family residential investment property in probate at a below-market price. With limited time to close, conventional lending was not an option.
Fidelis Private Fund provided a $535,000 bridge 1st Trust Deed loan. The borrowers are funding $50,000 renovation with their own capital. With a conservative after-repair value (ARV) of $950,000, the loan was structured at a low 56% loan-to-value (LTV).
Exit Strategy
The borrowers plan to complete the remodel within three months and sell the property, paying off the loan in approximately six months.
Value Added
Fidelis enabled a quick closing, allowing the borrowers to capitalize on a probate opportunity. This transaction highlights Fidelis’ ability to provide fast, flexible financing for experienced investors looking to secure and resell properties quickly in competitive markets.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.