Success Story
Fidelis Private Fund facilitated financing for the acquisition of a commercial property supported by cross-collateralized property. The primary property, a brand-new 6,264-square-foot facility with a shop and office space, represents the primary collateral. To further secure the loan, a secondary property owned by the borrower, a 12,258-square-foot industrial office/warehouse in San Diego, CA, was cross-collateralized.
The $910,000 1st Trust Deed loan was structured with a conservative combined Loan-to-Value (LTV) ratio of 39%, leveraging the significant equity in both properties. This setup provided substantial security while meeting the borrower’s timeline for the purchase.
Exit Strategy
The borrower plans to refinance with a conventional loan within six months.
Value Added
Fidelis delivered a customized financing solution, enabling the borrower to complete the acquisition and utilize the property for business operations. This transaction highlights Fidelis’ expertise in structuring a secure loan for a well-collateralized investment opportunity.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.