A new borrower referred to Fidelis by a reputable broker needed a commercial line of credit for investment purposes. The borrower had an investment property, owned free & clear, which he used as collateral for the subject line of credit.
Fidelis Private Fund provided the borrower a short-term $300,000 1st Trust Deed line of credit with a conservative 27% LTV ratio.
The exit strategy is to repay the loan by selling the subject collateral or other assets.
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.