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$1,575,000 Refi. Cash-Out/Perm. Loan

$1,575,000 Refi. Cash-Out/Perm. Loan

Success Story

Fidelis provided a $1,265,000 construction loan to a repeat client to transform a single-family residence into a six-unit multi-family property, which added substantial value. The borrower wanted to keep the property as a long-term rental. When the project was complete and stabilized, the borrower requested our assistance to obtain a conventional permanent loan that generated cash out at the best possible terms.

Fidelis Private Fund arranged a 1st Trust Deed permanent loan with a commercial bank of $1,575,000, 4.35% fixed for seven years, interest only for the first three years, 30-year amortization or approximately 60% LTV.

(The subject loan was originally funded as a direct loan made by Fidelis, and later, Fidelis arranged a take-out permanent loan, acting as the broker on the transaction).

Fidelis Action

Fidelis Private Brokerage successfully orchestrated a 1st Trust Deed loan of $516,350 in partnership with a Credit Union for the Spring Valley industrial property, resulting in an approximately 50% Loan-to-Value (LTV) ratio.

The loan was structured as a conventional refinance, featuring a five-year fixed rate with a ten-year term and a 30-year amortization schedule. (It’s important to note that Fidelis Private Fund did not directly provide the funding for this loan; instead, Fidelis Private Brokerage acted as the broker in facilitating the transaction.)

Value Added

With our extensive database of lender relationships, Fidelis Private Fund helped the borrower refinance an existing construction loan, which Fidelis funded as the direct lender, into an excellent conventional permanent loan with cash-out. 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.

$2,750,000 Refi. Cash-Out/Perm. Loan $680,000 Purchase/Perm. Loan