An experienced owner/operator of an 849 unit self-storage facility in Beaumont, CA, and repeat client of Fidelis needed to refinance short term variable rate debt with long term fixed rate debt fully amortized. The borrower wanted a competitive fixed interest rate with a fully amortized loan.
Fidelis Private Fund arranged the $7,200,000 permanent loan with a Life Insurance Company at a competitive 4.25% interest rate fixed for 20 years and fully amortized.
The challenge was finding such a competitive interest rate fixed for the full term of the loan that was fully amortized.
The Fidelis Private Fund helped the borrower arrange an excellent long term fixed rate loan on an owner/operated commercial property.
Our goal is complete customer satisfaction, and if the loan request doesn’t fit Fidelis Private Fund as a direct lender, we will help the client by assisting in whatever is needed. In this case, we tapped our extended lender resources to arrange an excellent long term loan accomplishing what the client was looking for.
Another transaction where Fidelis Private Fund is helping our client achieve their financial goal.