A client was seeking to purchase a multi-tenant retail strip center in Temecula, California, where they occupied a portion of the space as a tenant. The borrower wanted to limit the cash down payment and utilize additional equity in other properties owned as a way to maximize leverage.
Fidelis Private Fund granted the client a $2,250,000 1st trust deed loan for the property’s purchase, which had a total cost of $3,000,000, and also secured two other properties as additional collateral, resulting in a combined loan-to-value ratio of less than 60%.
The Fidelis Private Fund assisted the client in acquiring the property, reducing the cash down payment while tapping additional equity in other real estate owned. Additionally, ensured the loan process was smooth and hassle-free.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.