$550,000 Acquisition / Bridge Loan
Fidelis Private Fund provided a $550,000 short term loan or 69% LTV. The borrower plans to remodel and expand the SFR and develop the adjacent vacant lot (separate parcel) with a detached SFR.
$1,153,000 Refinance / Permanent Loan
Fidelis Private Fund arranged the $1,153,000 permanent loan with a lender in the low 4% interest rate range and 52% loan to value ratio.
$1,690,000 Refinance / Permanent Loan
A client needed to refinance existing higher-cost debt with a lower interest rate on a six-unit apartment in Ocean Beach. Fidelis Private Fund arranged the $1,690,000 permanent loan with a commercial bank at a competitive interest rate and 65% loan to value.
$264,000 Refinance / Permanent Loan
A client needed to refinance existing higher-cost debt with a lower interest rate on a single-family residential investment property with a detached additional dwelling unit (ADU) in Escondido, CA. The borrower wanted a conventional lender at the lowest interest rate possible.
$335,000 Refinance / Permanent Loan
A repeat client needed to refinance existing higher-cost debt with a lower interest rate and long term loan. The Fidelis Private Fund helped the borrower arrange a long term loan to refinance the three residential units at an excellent interest rate.
$640,000 Purchase / Construction/Bridge Loan
Fidelis Private Fund arranged a $640,000 acquisition/rehab bridge loan (initial disbursement of $440,000 or 80% of cost) from a private lender to accommodate the purchase and provide additional funds for the complete remodel of the property. Upon completion of the remodel the value will exceed...
$476,250 Refinance / Permanent Loan
Fidelis Private Fund arranged the $476,250 permanent loan with a lender at competitive pricing considering the use of the property as an adult residential care facility.