A repeat borrower of Fidelis Private Fund needed to close within 3 weeks on a purchase of an owner-occupied single-family residence and needed a long-term loan.
Fidelis does not fund owner-occupied residential loans. However, through our extensive network of lenders were able to negotiate with a lender who could fund the loan for the borrower with an expedited appraisal process.
Fidelis Private Fund arranged a 1st Trust Deed purchase money loan for $340,000 or 80% LTV.
The subject loan was a conventional purchase money loan, thirty-year fixed-rate mortgage. (Fidelis arranged the loan and acted as the broker on the transaction).
The Fidelis Private Fund helped the borrower arrange a purchase loan for an owner-occupied single-family residence in time to make the close of the escrow deadline.
Our goal is complete customer satisfaction. If the loan request doesn’t fit Fidelis Private Fund as a direct lender, we find the right lender with the best terms for the borrower.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.