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$400,000 Refinance / Term Loan

$400,000 Refinance / Term Loan

Success Story

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 Action

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.

Value Added

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.

$466,000 Refinance / Term Loan $975,000 Purchase / Bridge Loan