A good client referred a borrower who was in need of refinancing a single-family investment property in Riverside, CA that was in foreclosure due to some unforeseen family issues.
As an accommodation based on the referral, we were able to help the borrower by refinancing the debt on the one property as well as cross-collateralizing the loan with another free and clear single-family investment property.
Fidelis Private Fund provided the borrower a $525,000 1st Trust Deed refinance loan secured by two single-family investment properties for a conservative 27% LTV ratio.
The exit strategy is to sell one of the properties.
The Fidelis Private Fund helped the borrower through a difficult situation and avoid losing the property. At the same time, we made it a smooth and hassle-free process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.