Fidelis funded a small $150,000 mezzanine bridge loan secured by a mixed-use commercial/residential property in Laguna Beach, CA to help the client make some property improvements. However, the borrower ultimately needed to refinance and consolidate the senior debt and the mezzanine debt into one conventional long-term loan at a competitive market interest rate.
Through Fidelis’s network of lenders, Fidelis arranged a long-term loan with a commercial bank at a competitive interest rate for the refinance loan to pay off both the senior debt and the mezzanine debt.
Fidelis Private Fund arranged a 1st Trust Deed refinance permanent loan for $1,985,000 or at less than 50% LTV.
(The permanent loan was not funded by Fidelis, but arranged by John Lloyd/Cornerstone Commercial Mortgage acting as the broker on the transaction)
The Fidelis Private Fund helped the borrower arrange a long-term permanent loan at a competitive interest rate, allowing the borrower to consolidate the debt, lower the interest expense, and improve the net cash flow on the property.
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.