A long-time client was in escrow to purchase an office building in La Mesa that needed to close within 30 days and did not have time to get conventional financing. The buyer intends to occupy a majority of the space as part of expanding an existing business located across the street.
Fidelis Private Fund provided the borrower a $620,000 1st Trust Deed purchase loan at a 65% LTV ratio.
Once the office space is remodeled and occupied, the exit strategy is to refinance with a conventional loan.
The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity within the short time frame needed. At the same time, making it a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.