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$1,210,000 Refi. Cash-Out/Perm. Loan

$1,210,000 Refi. Cash-Out/Perm. Loan

Success Story

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 Action

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).

Value Added

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.

$516,350 Refi. Cash-Out/Perm. Loan $4,800,000 Refi. Cash-Out/Perm. Loan