A repeat client needed a conventional lender to refinance a bridge loan that Fidelis funded earlier in the year. The property type was a 2,300 sq.ft. office building in La Mesa, CA.
Fidelis Private Fund arranged a 1st Trust Deed refinance 30-year amortized loan with a three-year fixed rate for $448,000 or 46% LTV.
(The subject loan was arranged through Fidelis by Cornerstone Commercial Mortgage, acting as the broker on the transaction).
The Fidelis Private Fund helped the borrower refinance out of a higher-priced bridge loan into a less expensive conventional long-term loan.
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.