$350,000 Refinance / Bridge Loan
The Fidelis Private Fund loan helped the borrower access cash equity in a property that was owned free and clear, allowing him to use the proceeds to profit on another investment opportunity.
$375,000 Acquisition / Bridge Loan
The Fidelis Private Fund stepped in to help the borrower acquire an underperforming asset creating immediate equity with the purchase price less than the ‘as is’ market value. Also, once stabilized occupancy is achieved considerable value will be added.
$250,000 Refinance / Bridge Loan
Fidelis Private Fund closed a $250,000,000 short term 2nd Trust Deed loan. The income approach to value once stabilized as a for lease parking lot results in a conservative market value of over $2,000,000 or a 44% LTV ratio (combined 1st & 2nd).
$900,000 Refinance / Construction Loan
A referral from a repeat client was in escrow to purchase a stand-alone industrial warehouse/office building in an industrial park that would eventually be an owner-occupied, single-tenant property. The borrower wanted a lender that would perform and make it an easy loan process.
$650,000 Acquisition / Mini-Perm Loan
Fidelis Private Fund, provided a 1st Trust Deed, three-year loan of $650,000 or 68% LTV. The exit strategy is a refinance with a conventional lender once it is owner-occupied and stabilized.
$750,000 Loan (Participation) $1,500,000 Acquisition / Bridge Loan
An experienced real estate developer/repeat client was in escrow to purchase an entitled and improved commercial land parcel for $3,150,000 in Cota de Caza, CA, a community east of Mission Viejo in Orange County. The borrower plans to construct approximately 18,000 sq.ft. of commercial space in...
$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.