Success Story
A trust-owned beachfront multifamily property required a cash-out refinance to access liquidity from a free-and-clear asset. While the property was fully stabilized and income-producing, traditional lenders often move slowly on trust-held assets with succession structures and documentation requirements.
Fidelis Private Fund provided a $550,000 first trust deed bridge loan secured by a 5-unit multifamily property located one block from the beach. The loan was structured at approximately 46% loan-to-value (LTV).
The borrower plans to refinance into conventional financing at the end of the loan term.
Value Added
Fidelis delivered a fast and efficient cash-out refinance on a stabilized coastal multifamily asset with strong underlying fundamentals. This transaction highlights Fidelis’ ability to navigate complex ownership structures
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.