Success Story
Repeat clients and seasoned real estate investors partnered requested financing to purchase and renovate a single-family investment property in South Park a community of San Diego. They intend to capitalize on their expertise in property rehabilitation to enhance the home’s value for resale.
Fidelis provided a $590,000 1st Trust Deed loan, including $490,000 for the purchase and $100,000 as a remodel holdback. The property was acquired for $615,000, and the estimated after-repair value is $895,000, reflecting a conservative 65% loan-to-value ratio post-renovation.
Exit Strategy
The borrowers plan to sell the property upon completing the renovations.
Value Added
Fidelis streamlined the loan process, enabling the borrowers to secure the property quickly and focus on value creation. This transaction highlights Fidelis’ commitment to supporting experienced investors with tailored and efficient financing solutions.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.