An excellent existing client referral owned a 100% leased, free and clear commercial property in Spring Valley, CA, that’s conservatively worth over $1,500,000 and wanted to use it as collateral to pull some cash out immediately for other investment purposes.
Fidelis Private Fund provided the borrower a $300,000 1st Trust Deed refinance cash-out loan or a 20% LTV.
The exit strategy is to refinance with a conventional loan.
The Fidelis Private Fund helped the borrower immediately with the cash liquidity needed. At the same time, we made it a smooth and hassle-free process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.