A repeat client needed a refinance/cash-out conventional loan secured by a single-family investment property owned free and clear. The proceeds were to be used for other investment purposes.
Fidelis Private Fund arranged a 1st Trust Deed refinance 30-year amortized loan with a three-year fixed rate for $1,210,000 or 55% LTV.
(The subject loan was arranged through Fidelis by Cornerstone Commercial Mortgage, acting as the broker on the transaction).
The Fidelis Private Fund helped the borrower obtain an all-cash-out refinance loan with a commercial bank, allowing the borrower to utilize the equity in the property without having to sell it.
Our goal is complete customer satisfaction. We not only can facilitate as a direct lender, as we did on this transaction, doing the construction loan, but we acted as the broker and helped the borrower secure excellent permanent financing, resulting in a one-stop shop for the borrower’s financing needs.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.