Success Story
An experienced real estate investor and business owner approached Fidelis to refinance an existing loan on a single-tenant retail property. The borrower plans to operate the property as an owner-occupied commercial property, leveraging its prime location and established business potential.
Fidelis Private Fund provided a $730,000 1st Trust Deed loan at 60% loan-to-value based on a new appraisal of $1,220,000. The property features a two-story retail building with 1,785 square feet on the ground floor.
Exit Strategy
The borrower intends to refinance with an SBA loan.
Value Added
Fidelis facilitated a smooth loan process, offering a tailored solution that provided the borrower with the necessary funds to refinance and secure the property. This transaction highlights Fidelis’ commitment to empowering clients with efficient and reliable financing solutions.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.