Success Story
A loyal client of Fidelis Private Fund was seeking to refinance his multi-tenant retail investment property and access additional funds for diversifying his investment portfolio. The 1st Trust Deed loan was secured against a 3-unit commercial retail property situated in Barrio Logan, a San Diego, California community.
The borrower’s objective was to secure longer-term financing, extending up to a 10-year term. Since Fidelis does not fund long term conventional loans, we leveraged our extensive network of lender connections to identify a conventional lender capable of providing the desired long-term note and the level of leverage the borrower required.
Fidelis Action
As a result, Fidelis Private Fund successfully arranged a 1st Trust Deed refinance, securing a $2.75 million permanent loan with a 10-year term, achieving a Loan-to-Value (LTV) ratio of 42%.
(The subject loan was arranged through Fidelis by Cornerstone Commercial Mortgage, acting as the broker on the transaction).
Value Added
The Fidelis Private Fund helped the borrower arrange a max cash-out refinance, secured by a 3-unit commercial retail property. Our goal is complete customer satisfaction, and if the loan request doesn’t fit Fidelis Private Fund as a direct lender, we find the right lender with the best loan terms for the borrower.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.