A repeat client had purchased several residential adult care facilities with private financing and wanted to refinance the higher-cost debt with conventional long-term debt at a low fixed rate.
Through our extended network of real estate lenders, we found for the borrower the best lender to provide one SBA loan, secured by the two properties, with a fully amortized 25-year fixed rate.
Fidelis Private Fund arranged a 1st Trust Deed SBA permanent loan on both properties for $1,625,000 or 80%+ LTV in the sub 4% interest rate range. (Fidelis arranged the loan and acted as the broker on the transaction)
The Fidelis Private Fund helped the borrower as an owner/user arrange an SBA long-term fixed-rate loan with a commercial bank at competitive market pricing.
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.