A new client, referred to Fidelis Private Fund by a reputable broker, was looking for long-term, permanent financing with maximum leverage available to purchase a storage yard in Fullerton, California.
This loan was not fit for Fidelis Private Fund. However, from our extensive network of lender relationships, we found a conventional lender that would provide a long-term note and the leverage required by the borrower.
Fidelis Private Fund arranged a 1st Trust Deed refinance 25-year fully amortized loan for $630,000 or 85% LTV.
(The subject loan was arranged through Fidelis by Cornerstone Commercial Mortgage, acting as the broker on the transaction).
The Fidelis Private Fund helped the borrower arrange a higher leveraged purchase money loan and reduced the cash equity injection required to purchase the property for the tow truck business.
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.