Success Story
A well-qualified borrower sought financing to purchase a new single-family residence while awaiting the sale of an existing property. With strong credit, a high net worth, and significant home equity, the borrower needed a short-term solution to bridge the timing gap between transactions.
The Solution
Fidelis Private Fund provided a $900,000 1st Trust Deed loan secured by both the newly acquired property and an additional single-family residence owned free and clear. The purchase property features a spacious 3-bedroom, 3-bathroom home on over 2.5 acres, while the additional collateral is a large 5-bedroom estate valued at $1.8M. The borrower contributed $450,000 in cash toward the purchase, resulting in a conservative combined loan-to-value (CLTV) of just 29%.
Exit Strategy
The borrower plans to repay the loan upon the sale of the existing property, ensuring a smooth transition with minimal risk.
Value Added
Fidelis structured a creative financing solution that allowed the borrower to secure a SFR without delay, leveraging existing assets while maintaining liquidity. This transaction showcases Fidelis’ expertise in providing flexible bridge loans tailored to borrowers navigating complex real estate transactions.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.