A borrower needed to close on a purchase of an owner-occupied single-family residence with the lowest rate possible and needed a long-term loan.
Fidelis does not fund owner-occupied residential loans. However, we were able to negotiate with a lender who could fund the loan for the borrower while offering one of the lowest interest rates in the market.
Fidelis Private Fund arranged a 1st Trust Deed purchase money loan for $415,000 or 42% LTV.
The subject loan was a conventional purchase money loan, fifteen-year fixed-rate in the very low 2% range. (The subject loan was not funded by Fidelis but arranged by Cornerstone Commercial Mortgage acting as the broker on the transaction).
The Fidelis Private Fund helped the borrower arrange a purchase loan for an owner-occupied single-family residence with the lowest interest rate possible.
Our goal is complete customer satisfaction, and if the loan request doesn’t fit Fidelis Private Fund as a direct lender, we find the right lender with the best loan terms for the borrower.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.