Success Story
Experienced real estate investors and repeat Fidelis clients needed financing to acquire a single-family residence in the city of San Diego. The borrowers intend to convert it into a multi-unit ADU development, maximizing the property’s potential value.
Fidelis provided a $345,000 1st Trust Deed loan at 75% of the $460,000 purchase price, with the added value of entitlements resulting in an LTV ratio of 60% or less.
Exit Strategy
A construction loan to finance the value-add property once entitlements are received.
Value Added
Fidelis supported the investors with a tailored financing solution, enabling a smooth acquisition while aligning with their future development goals. This transaction highlights Fidelis’ ability to provide flexible financing for value-add real estate opportunities.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.