Success Story
A returning client sought to refinance their single-tenant industrial property in Spring Valley, California, to lock in long-term conventional financing and extract additional funds for other investment opportunities.
Although Fidelis Private Fund does not specialize in providing permanent, long-term financing, we negotiated with a credit union to secure the borrower a loan with the most favorable terms available through conventional financing.
Fidelis Action
Fidelis Private Brokerage successfully orchestrated a 1st Trust Deed loan of $516,350 in partnership with a Credit Union for the Spring Valley industrial property, resulting in an approximately 50% Loan-to-Value (LTV) ratio.
The loan was structured as a conventional refinance, featuring a five-year fixed rate with a ten-year term and a 30-year amortization schedule. (It’s important to note that Fidelis Private Fund did not directly provide the funding for this loan; instead, Fidelis Private Brokerage acted as the broker in facilitating the transaction.)
Value Added
The loan was structured as a conventional refinance, featuring a five-year fixed-rate term with a ten-year term and a 30-year amortization schedule. (It’s important to note that Fidelis Private Fund did not directly provide the funding for this loan; instead, Fidelis Private Brokerage acted as the broker in facilitating the transaction.)
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.