A borrower needed to close on purchasing an owner-occupied single-family residence in less than two weeks and needed a long-term loan.
Fidelis does not fund owner-occupied residential loans. However, we knew a lender who could fund the loan for the borrower and meet the short time frame.
Fidelis Private Fund arranged a 1st Trust Deed purchase money loan for $650,000 or 47% LTV.
The subject loan was a private money loan, seven years fixed-rate, interest only. (The subject loan was not funded by Fidelis, but arranged by Cornerstone Commercial Mortgage acting as the broker on the transaction)
The Fidelis Private Fund helped the borrower arrange a purchase loan for an owner-occupied single-family residence within the short time frame needed.
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.