Success Story
Fidelis Private Fund provided financing for the purchase of a single-family residential investment property, presenting an excellent opportunity for value creation in Spring Valley, CA just east of San Diego. The property features 4 bedrooms, 3 bathrooms, and over 3,300 square feet of living space on a large 0.44-acre lot, offering significant upside potential through strategic renovations.
The borrower, a highly experienced contractor, will leverage their expertise to complete the rehabilitation using their own funds. This project was referred by a trusted industry partner, underscoring the borrower’s strong track record and credibility in executing successful property transformations.
Fidelis provided a $727,000 1st Trust Deed loan structured investment with a Loan-to-Cost (LTC) ratio of 70% and a conservative Loan-to-Value (LTV) ratio of 45%, based on an After-Repair Value (ARV) of $1,600,000.
Exit Strategy
The borrower plans to sell the property upon completing the renovations, capitalizing on the enhanced value and favorable market conditions.
Value Added
Fidelis facilitated a streamlined financing process, enabling the borrower to acquire the property and focus on maximizing its potential. This transaction highlights Fidelis’ ability to support experienced investors with tailored solutions that drive profitability and success.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.