A returning client needed funds to purchase his business partner’s share in a commercial office building in Vancouver, Canada. Based on a long-time relationship, Fidelis was able to facilitate the request quickly with a cash-out refinance secured by a free and clear single-family investment property in La Quinta, CA.
Fidelis Private Fund provided the borrower a $1,000,000 1st Trust Deed refinance loan. The value conservatively exceeds $1.9M, resulting in a Loan-to-Value (LTV) ratio of approximately 53%.
The exit strategy is a refinance.
The Fidelis Private Fund helped the borrower by performing quickly, resulting in a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.