Success Story
A returning client and experienced real estate investor required a fast closing to acquire and obtain funds to remodel a 5BR/3BA residential single-family investment property in the community of Clairemont in San Diego. This property holds the potential for increased value with an extensive remodel.
Fidelis Private Fund provided a $970,000 1st Trust Deed purchase loan with a holdback of $200,000 for remodeling the property with an estimated future value of $1,500,000, resulting in a loan-to-value ratio of 65%.
The exit strategy is to sell the property upon completing the remodel.
Value Added
The Fidelis Private Fund helped the borrower acquire a property quickly with the potential for added value potential. 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.