Success Story
An experienced real estate investor with a strong local track record needed financing to complete a nearly finished multi-unit residential project. The borrower funded out of pocket 100% of the construction costs and owns the property free and clear, but requested remaining funds to complete the project and recoup a portion of the capital contributed. With the site nearly 80% complete, time was of the essence to preserve momentum and prepare the property for market.
Fidelis Private Fund provided a $2,500,000 1st Trust Deed loan secured by a fully entitled parcel planned for six three-story condominiums totaling over 10,000 square feet of living area. With a conservative valuation of $6 million upon condo completion, the loan represents a low 42% loan-to-value (LTV) ratio.
Exit Strategy
The borrower plans to sell the completed condominiums individually. Alternatively, the project can generate strong rental income as a leased apartment asset, further securing the investment.
Value Added
Fidelis provided a fast, flexible funding solution tailored to the borrower’s timeline and project goals. This transaction highlights Fidelis’ ability to support seasoned developers with efficient capital that unlocks project value, especially when timing and completion are critical to a successful exit.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.