A repeat client needed to quickly buy out a partner last year on a single-family investment property in Escondido, CA, and utilized the services of Fidelis Private Fund to do that. The exit strategy at the time was to refinance with permanent financing within a year.
Fidelis Private Fund arranged a 1st Trust Deed refinance loan for $390,000 or 55% LTV with a conventional lender.
The subject loan was a conventional refinance loan, a thirty-year fixed-rate mortgage. (The subject loan was not funded directly by Fidelis but arranged through Fidelis by Cornerstone Commercial Mortgage, acting as the broker on the transaction).
The Fidelis Private Fund helped the borrower arrange a refinance loan for an investment single-family residence to secure conventional, long-term permanent financing.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.