A repeat client was looking to refinance his rental investment property in Pasadena, California, and take out additional funds to be utilized on his other rentals. Fidelis Private Fund does not offer permanent, long-term financing. However, we negotiated with a lender who could fund the loan for the borrower while providing the best terms possible through conventional financing.
Fidelis Private Brokerage arranged a 1st Trust Deed loan of $600,000 on the Pasadena, CA single-family residence investment property or 18% LTV. The subject loan was a conventional refinance, thirty-year fixed-rate loan.
(The subject loan was not funded by Fidelis Private Fund, but instead arranged by Fidelis Private Brokerage acting as the broker on the transaction).
The Fidelis Private Fund helped the borrower arrange a refinance loan for an owner-occupied single-family residence with the lowest interest rate possible, based on the borrowers specific circumstances.
Our goal is complete customer satisfaction. If the loan request doesn’t fit Fidelis Private Fund as a direct lender, we find the right lender with the best terms for the borrower.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.