A repeat client needed to refinance existing higher-cost debt with a lower interest rate and long term loan. The collateral was a single-family residential investment property and two detached apartment units on one parcel located in Escondido, CA.
Fidelis Private Fund arranged the $335,000 permanent loan with a conventional lender at a competitive interest rate.
The units were originally remodeled using short term higher-cost debt and once completed, the borrower wanted long term financing at a lower interest rate to improve net cash flow.
The Fidelis Private Fund helped the borrower arrange a long term loan to refinance the three residential units at an excellent interest rate.
Our goal is complete customer satisfaction, and if the loan request doesn’t fit Fidelis Private Fund as a direct lender, we will still help the client by assisting in whatever is needed. In this case, we tapped our extended lender resources to arrange an excellent long term loan accomplishing what the client was looking for.
Another transaction where Fidelis Private Fund is helping our client achieve their financial goal.
Deal FPF 10022