Success Story
A long time client wanted to refinance his first trust deed mortgage on a commercial property. The borrower also required some cash out for working capital.
During the height of the COVID-19 pandemic, Fidelis quickly connected the borrower with a conventional SBA lender that could make the loan at the lowest rate possible, while maneuvering through the various government-mandated shutdowns and limitations set on certain businesses.
Fidelis Action
Fidelis arranged a $1,000,000 term loan 1st Trust Deed, taking out the existing private money 1st trust deed loan with an SBA lender. (Fidelis acted as the broker and was not the direct lender)
Value Added
The Fidelis Private Fund helped the borrower arrange a term loan to refinance his commercial property with cash out for working capital needs.
Our goal is complete customer satisfaction, and if the loan request doesn’t fit Fidelis Private Fund as a direct lender, as was the case this time with an SBA loan being the appropriate product for the borrower, we still assist the borrower in accomplishing their financing goals.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.