Success Story
A returning client and experienced real estate investor required a fast closing to acquire and obtain funds to remodel a 4BR/3BA residential single-family investment property in San Diego. This property holds the potential for increased value with an extensive remodel.
Fidelis Private Fund provided a $561,500 1st Trust Deed purchase loan, with the borrower contributing out of pocket for the remodel costs. The after-repair value is conservatively estimated at $865,000 or a loan-to-value ratio of 65%.
The exit strategy is to sell the property upon the completion of the remodel.
The client’s exit strategy is to sell the property.
Value Added
The Fidelis Private Fund helped the borrower quickly close on the purchase, creating substantial value for the property. 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.