A long time client and business owner of a multi-tenant commercial property in Laguna Beach, CA, had most of his cash liquidity tied up in equity in the property. He was in the process of restructuring the debt on the property and needed to pull some cash out to accomplish his goal.
Fidelis Private Fund provided the borrower a $150,00,000 short-term 2nd Trust Deed refinance cash out loan cross-collateralized by his Laguna Beach property and a single-family residence with a conservative combined 45% LTV ratio.
The exit strategy is to pay down the loan within the loan term.
The Fidelis Private Fund helped the borrower access cash tied up in the equity of an excellent property. At the same time, making it a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.