Success Story
Fidelis Private Fund provided financing for an experienced real estate investor to renovate and enhance an 18-room boutique hotel in Mission Beach, San Diego. The property underwent extensive upgrades, including modernized bathrooms, kitchenettes, flooring, landscaping, and new furnishings, significantly boosting its value and market appeal.
Fidelis, along with Endeavor Bank, who provided the senior debt, Fidelis participated in providing the junior debt, increasing the loan amount to $1,300,000, consolidating debt, and simplifying the capital structure. With an updated property valuation of approximately $12M and a conservative combined Loan-to-Value (CLTV) of 50%, the project now demonstrates enhanced financial security and strong operational potential.
Exit Strategy
The borrower plans to refinance with a conventional loan within 12 months
Value Added
Fidelis’ flexible financing solutions allowed the borrower to complete renovations, consolidate debt, and maximize the property’s market value. This transaction highlights Fidelis’ ability to adapt financing to meet the evolving needs of experienced investors while maintaining a secure lending position.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.