Success Story
A repeat client and experienced real estate investor requested a construction loan to transform a single family property into a multi-unit investment. The project involves converting an existing single-family residence into a duplex and constructing six additional ADUs, resulting in eight rentable units. This creative redevelopment maximizes the property’s potential and enhances its value.
Fidelis Private Fund provided a $2,487,000 1st Trust Deed loan commitment, supporting both the purchase and future construction. The project is expected to achieve a post-construction value of $4,065,000, reflecting a conservative 61% loan-to-value ratio.
Exit Strategy
The borrower plans to refinance or sell the property upon project completion.
Value Added
Fidelis enabled the borrower to execute a complex redevelopment with confidence, offering seamless financing and expert support throughout the process. By helping the borrower unlock the property’s value, this transaction underscores Fidelis’s commitment to achieving client success.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.