A new client was referred to Fidelis from a long time borrower and an excellent referral source to refinance an owner-occupied single-family residence. The borrower needed additional cash-out for repairs and maintenance. Frustrated with other lenders, the borrower turned to Fidelis for the guidance that they needed.
Fidelis quickly connected the borrower with a lender that could make the loan.
Fidelis Private Fund arranged a $400,000 bridge loan 1st Trust Deed with a local, private lender. 67% LTV. (Fidelis was not the lender, we acted as the broker on the transaction)
The challenge was brokering the loan and arranging the loan with another lender in such a short amount of time.
The Fidelis Private Fund helped the borrower arrange a term loan to refinance a property in the time frame needed by the borrower.
Our goal is complete customer satisfaction, and if the loan request doesn’t fit Fidelis Private Fund as a direct lender, as was the case this time with the subject property being owner-occupied residential, we still help the client by assisting in whatever loan is needed. In this case, we tapped our other private lender database to arrange a term loan, accomplishing what the client needed.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.