Success Story
A referral from a Fidelis limited partner required additional funds to complete the construction of a single-family residence in Rancho Santa Fe, CA. The project was about 85% complete when Fidelis stepped in to provide the necessary funds to finish construction.
Fidelis Private Fund facilitated a $1,350,000 first trust deed refinance loan. The single-family residence secured the loan, which has an appraised value of $5,500,000, resulting in a loan-to-value ratio of 26%.
The borrower plans to refinance the loan once construction is completed.
Value Added
Fidelis was able to help the borrower keep on schedule with the completion of construction by refinancing and providing additional cash to complete the project. This resulted in a smooth and hassle-free loan process.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.