A self-employed borrower needed to close on purchasing an owner-occupied single-family residence with as much leverage as possible with a long-term loan.
Fidelis does not fund owner-occupied residential loans. However, we were able to negotiate with a conventional lender who could fund the loan for the borrower while providing the leverage required by the borrower.
Fidelis Private Fund arranged a 1st Trust Deed purchase money loan for $1,540,000 or 80% LTV.
The subject loan was a conventional purchase money loan, thirty-year fixed-rate, competitively priced. (The subject loan was not funded by Fidelis but arranged by Cornerstone Commercial Mortgage acting as the broker on the transaction).
The Fidelis Private Fund helped the borrower arrange a purchase loan for an owner-occupied single-family residence with a self-employed borrower at max leverage.
Our goal is complete customer satisfaction, and if the loan request doesn’t fit Fidelis Private Fund as a direct lender, we find the right lender with the best loan terms for the borrower.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.