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The Fidelis Private Fund, LP (FPF), a California Limited Partnership, is a direct portfolio lender specializing in commercial and residential investment real estate loans in California. FPF offers accredited investors the opportunity to invest in a pool of real estate-secured loans generating a competitive rate of return with moderate risk and reasonable liquidity.

Decisive, Rapid, Flexible Lending Solutions

Fidelis Private Fund offers borrowers a flexible alternative to conventional lending institutions. We specialize in fast and creative financing to transition properties and add value, so the borrower at the end of the loan term is in a position to either sell or refinance with a conventional lender.

Decisive

When you need to know...

As a private lender, Fidelis Private Fund offers a highly streamlined review process. Based on the initial information, we can rapidly assess, make a decision, and offer lending solutions.

Rapid

When time is of the essence...

Fidelis Private Fund offers superior speed of execution. It starts with a phone call or online inquiry. We can typically quickly assess the request, gather the needed information and then execute on the loan speedily, sometimes in days as needed.

Flexible

When you need to get it done...

The principals of Fidelis Private Fund have decades of experience in structuring flexible financing that solves the unique challenges of borrower situations. We are creative and we perform!

One-Stop

Short-term & long-term financing...

Fidelis Private Fund directly lends and also arranges both short-term and long-term financing through our vast network of investors. Whatever your need is, we can get it done.

Closed Loans

Discover some recently funded loans either funded or arranged by Fidelis Private Fund.

$565,000 Purchase/Bridge Loan

 A repeat client negotiated a below market price to purchase a single-family investment property in San Diego that required only some cosmetic improvements, and needed to close in less than 10 days.

The buyer needed a lender that would perform fast and make it an easy process.

$530,000 Purchase/Bridge Loan

A client referral was in escrow to purchase a commercial property to be used as an owner-occupied commercial property; however, tenants still in the property needed to be vacated before a conventional lender would fund the loan.

The borrower needed a flexible bridge lender to fund the purchase and allow time for the borrower to vacate the tenants and cure some deferred maintenance.  

$150,000 Purchase/Bridge Loan

A referral from a Fidelis investor had the opportunity to purchase a fixer-upper single-family residence in San Diego and needed to close fast.

The buyer needed a lender that would perform within days and make it an easy process.

$675,000 Purchase/Bridge Loan

A borrower needed a bridge lender to fund the purchase of a mixed-use investment property with a commercial unit in front and two detached single-family residential units in the back.

The borrower needed a bridge lender that understood that the property was currently rented at under market rents and needed time to raise the existing rents to market and season the property to refinance with a conventional lender.

$700,000 Purchase/Bridge Loan

A repeat client was in contract for almost two years to purchase a single-family residence in the Bay Park area of San Diego with a locked-in purchase price of $825,000.

The buyer did not close on the transaction until July 2021 due to difficulty in removing the tenants. During that time, the property value when up over $500,000, creating an extremely profitable investment with the locked-in purchase price.

$600,000 Refinance/Rehab/Bridge Loan

A local San Diego client owns a residential lot free and clear in an upscale, residential neighborhood in Pasadena, CA. They have the opportunity to own a large single-family residence for free if they can move it off its foundation and onto the nearby residential lot they own.

The borrower needed a lender to provide a loan to cover the costs of moving the house and remodeling it after relocation. The lot value alone is $650,000, and once the home is moved and renovated, the subject property will be valued at over $2,000,000.

$590,000 Refinance/Bridge Loan

A repeat client owned a free and clear single-family investment property and needed to quickly access some of the equity in the property in the form of a cash-out refinance loan to purchase another investment property.  

$675,000 Purchase/Bridge Loan

A client was in escrow to purchase five detached, single-family residences, bungalows in need of remodeling on one parcel in the South Park Community of San Diego. The purpose of the loan was to acquire the property, remodel the five cottages, raise the rents, and refinance with conventional financing.   

$500,000 Purchase/Rehab/Bridge Loan

A repeat client owner/operator of a successful Auto Towing business was in escrow to purchase a multi-tenant industrial building for $1,500,000 as an owner user. The borrower owned the adjacent parcels to the east, so the purchase of the subject property enhanced the value of his business with the assembled parcels.

Testimonials

Testimonials from clients who have worked with Fidelis Private Fund and John Lloyd, CEO
Mike Corless

"My name is Mike Corless, and I own a construction & remodeling company known as BuildTech. I have been in business for thirty years. Without Allan Paranada and John Lloyd, I couldn’t succeed in this business. They respond quickly, and they are reliable. When I need an LOI, I get it often within hours of the request. I had a loan request where John and Allan showed up the same day, and I had approval. I highly recommend Fidelis, John, and Allan; they are a great person to have on your team."

Mike CorlessBuildTech Unlimited
Elizebeth T. Poe,<br>CPA (Inactive), MBA

John Lloyd and I worked together for over ten years at a private mortgage fund invested in trust deeds, similar to Fidelis. John was the President and I was the Controller at that company; where John grew the fund capital from $30M to over $180M. John knew not only how to originate and underwrite real estate loans but, he was also a respected leader who valued and understood the employees, investors, and borrowers.

John’s leadership built a unified team that kept the Partnership growing and adapting. I continued to work there as long as I could after John left, however, his absence undermined my confidence in the organization. I trust John’s integrity and his management of a mortgage fund. When I saw the direction of my prior employer, after John and I both left, I moved my limited partner investment to Fidelis Private Fund.

I believe John has put together a great team at Fidelis. I know he will continue to observe and assess commercial and residential real estate, economic conditions, and market demand, to make insightful and safe decisions with the Fidelis Fund. I am excited to share in their success.

Elizebeth T. PoeCPA (inactive), MBA
William Lewallen

"I have worked with John Lloyd for 15 years, and he has funded 30 to 40 loans for me. It's amazing how he has been able to help me close deals. Recently on a deal, I had to close in 10 days with no contingencies, and Fidelis was able to close the deal. I highly recommend Fidelis and John Lloyd. I can’t imagine how much money I have made through the years dealing with John. The process is so streamlined, and especially once you get to know John and we trust each other, everything goes so smooth. I am grateful.”

William LewallenSouth Coast Real Estate Group
Voltaire Lepe

"I first met Allan Paranada and John Lloyd several years ago when I was buying a commercial building. With their help, I was able to finance it, and I made a lot of money. They were straight forward and very fast and got the job done. I snowballed that deal into other properties. I have also referred them to other clients who also had similar experiences as mine. I would highly recommend Fidelis to anyone who is purchasing real estate and needs financing. I trust them, and they did a really good job for me."

Voltaire LepeLepe Tendwell Properties
Brian Nelson

"I can't speak highly enough of John Lloyd. This recent property was completely distressed. We came in all cash and closed the escrow in less than 14 days. It was a burnt down unit. We built the foundation and roof, all brand new. The foundation was sinking, had settling issues, and fire in the middle. The roof was missing, windows were boarded up. We went after it. We did everything. John helped out. We've done a number of loans together the past ten or eleven years. He came in clean, great terms,  quick close, no issues, which I knew it would be and why I didn't call anyone else. He came in quick, walked the property, quick decision to go for it, and gave the green light. We funded less than two weeks later within the contract terms. I work with John for a couple of reasons. First, and primarily I need assurance of closing. When I come in and walk the property I need to act as if I'm closing this thing with all cash, no hiccups, no worries. I've worked with John and we've done about 8 to 10 loans together. Never had an issue. Every one has closed. He's always on time. Great team, great staff and they communicate well."

Brian NelsonDeveloper, South Coast Commercial
Ashley Rhame

Working with Fidelis has been absolutely incredible. One of my favorite things about the entire process is how easy they make everything. My biggest differentiator about Fidelis is the personal aspect they offer, it's no hassle, they are consistently available, communication is simple and straightforward. Their ability to turn things around so quickly is phenomenal. I will not be using any other lender if I don’t have to. I would recommend Fidelis to all borrowers, friends, colleagues or anyone needing private money financing because it's seamless; if they tell you it’s a go it’s a go, You can count on their timeline and their word; they are incredibly trustworthy.

Ashley RhameReal Estate Investor & Entrepreneur
Nicholas Inzunza<br>Inner City Redevelopment

I am the owner of Inner City Redevelopment. I have been investing in properties for 25 years. I am a former public official, investment banker, and now I invest in real property. I got to know John many years ago, making investments in Barrio Logan and National City. Its been 15 years now John and I built a personal relationship where he walks my properties, talk to my people, and I have the faith and confidence that I need in a banker. Being able to work with John and Allan at Fidelis has made all the difference; they know how to get deals done.

Nicholas InzunzaReal Estate Investor/Developer
Rick Moore<br>Moorehoward Investments, LLC

I have been doing this for over 35 years. We have about 150 properties in our portfolio.  I can tell you over the years I’ve dealt with many different types of lenders, and Fidelis by far has been the best. Their fast, easy, and they do what they say they are going to do, which makes our job go extremely well.

Rick MooreReal Estate Investor/Contractor
Keith Anderson

My relationship spans almost 30 years since I met John Lloyd at San Diego Trust & Savings Bank. I have known John to be a person of integrity and a resource of knowledge when it comes to real estate financing and funding loans. I have not only been a borrower of private money through John, but I am an investor in Fidelis and believe that John’s experience managing a mortgage fund provides me the security I need in these challenging times of uncertainty and volatility.

Keith AndersonAnderson Investment Company, Inc.
Chris Hakim<br>Broker

As a real estate broker, I am always looking for a lender who not only can perform but will always protect my interest. John Lloyd at Fidelis does a fantastic job getting the real estate loans funded I need and making it easy with no hassle. What's different about John from other primate money lenders, John values relationship over the transaction and is in it for the long-term. If you are a broker and want a lender you can trust call John at Fidelis.

Chris HakimBroker, Symbolic Real Estate, Inc.
Steven D. Sefton<br>President

I first met John Lloyd in 2011, where he was President of a successful commercial mortgage company in San Diego, similar to Fidelis. I was impressed by how John managed his mortgage company Fund through the Last great recession with no losses to investor capital and How John grew the Fund five-fold during his tenure there.  John has since linked with two strong Partners and picked up where he left off forming Fidelis Private Fund. Since I am familiar with what John can do as Fidelis’ leader, I would invest in Fidelis if I were allowed. As his banker, I cannot. Because we made the decision to do business with John and Fidelis, Endeavor Bank is betting that Fidelis will be successful.

Steven D. SeftonPresident, Endeavor Bank
Rammy Cortez<br>Developer

We turned to John Lloyd with Fidelis to help us with take-out financing for a 13-unit apartment complex project. Within 30 days of contacting John he had options of 15 different lenders for us to choose from. The three key items that we requested from John were a low interest rate, long term financing, and the most cash out as possible. John was able to deliver. He got us a ten year fixed loan under 4% and more money cash out than we requested. John also got us three years interest only, so we have more cash flow in the first few years of managing the property. Thank you John and Fidelis...and on to the next one!

Rammy CortezDeveloper
Larry A. Johnson,<br>Glacier Real Estate Finance

I am sending this note to let you know that I am very pleased to be an investor in Fidelis.  This is an investment that fits well with my retirement goals. It provides an excellent return at 8%, it provides me with a conservative investment (being secured by a pool of first mortgages with good LTV ratios), and a steady cash flow. I feel comfortable with the investment secured by San Diego area real estate and having known and worked with John for over 25 years, I have confidence in his underwriting and judgment. While it is a long term investment, I also have the flexibility to withdraw funds, should the need arise. I hope to increase my investment in Fidelis over time and I look forward to a long term relationship.

Larry JohnsonGlacier Real Estate Finance
Mario J. Teran

As a real estate investor for over 30+ years, I have been pitched many “opportunities to invest” by brokers, agents, etc. I do not swing at most of them, in fact, very few make the cut. What drew me to Fidelis is the transparency of their operations and the clarity of purpose on which the funds are invested. I have known John for over 10 years and can definitely attest to his integrity as a very knowledgeable asset manager and above all, as an individual. The fact that the funds are invested in the San Diego Real estate market, with timely paid dividends that are allowed to compound, AND secured by Trust Deeds compelled me to invest. I sleep well knowing that a real estate veteran is handling my investment. Thank you John.

Mario J. TeranReal Estate Investor & Entrepreneur
Michael Clark

Today, as the stock market tumbles faster than the log ride at Disneyland, I pause to think about Fidelis and our relationship.

The steady positive return paid by Fidelis to its investors on a regular basis is very comforting and beneficial for my investment portfolio. The Fund’s approximate 8% annual return when reinvested to compound will double the principal in approximately 9 years. What a great option for the careful investor . . . especially when coupled with sound retirement planning.

Your conservative approach to lending as the Fund Manager is what we have been looking for over the years. Most of your loans are placed with San Diego based borrowers and we all know what has happened to San Diego real estate over the years. The variety of loans provides diversification while the location and loan to value ratios provide additional security.

Your decades of experience in this business in the San Diego area serve you, Fidelis and its investors well.

Keep up the good work, John.

Michael ClarkClark Family Enterprises, LLC
Adam Jacks, <br>Apartment Consultants, Inc.

I've closed several deals with John Lloyd, and each time he has performed quickly and as promised. Having a lending relationship I can trust will perform has been a tremendous help to my business. I would and have recommended John Lloyd and Fidelis for anyone seeking private financing.

Adam JacksApartment Consultants, Inc.
Pat Geary, <br>GEG Advisors

John Lloyd is one of the rare lenders who truly 'gets it,' where his knowledge and experience allow him to intelligently underwrite a property I have financed multiple properties with John that required an extremely tight timeline. Each time John has come through on time and with the terms he had promised.

Pat GearyGEG Advisors
Anthony Dileva, <br> Commercial Real Estate Broker

The loan was made to finish up a multimillion dollar home in point Loma. Literally two weeks after funding the home in Point Loma went under contract for 2,950,000 with a 90 day closing. I am very grateful to have had the opportunity to work with people who can think outside the box.

Anthony DilevaCommercial Real Estate Broker

Leadership Team

The Fidelis Private Fund's leadership offers extensive experience in real estate lending, combining rigorous discipline with dynamic and seasoned execution. This offers tremendous value to investors and borrowers in our ability to recognize true opportunity and structure deals that grow value for the fund and benefit both the investors and the borrowers
John P. Lloyd
John P. Lloyd
President & CEO, Co-Founder
The Fidelis Private Fund is led by John P. Lloyd. For over 30 years John Lloyd has pursued his passion and life’s work in commercial real estate financing.
Chad Ruyle
Chad Ruyle
Co-Founder
Chad R. Ruyle is the President and Co-Founder of FundLoans and Drop Mortgage, Inc. He works with both overall operations and capital markets for the business.
Jon Maddux
Jon Maddux
Co-Founder
Jon Maddux is CEO and co-founder of FundLoans. FundLoans is a wholesale mortgage lender with the focus on residential jumbo niche loan programs.

Fidelis Private Fund Blog

The Fidelis Private Fund Blog offers articles and resources for commercial real estate financing as well as professional and personal success.

Four things to Know Before Building an ADU on Your Residential Investment Property

The local and state government have made it extremely attractive to construct additional dwelling units (ADU’s), also known as Granny Flats, on a property with a single-family residence by loosening the density restrictions.

The additional square footage created with an ADU can help increase the value of a single-family residential property, both owner-occupied and investment rental property. However, in this article, I am focusing on residential investment properties with ADU’s.  

When Does Using Private Money Make Sense?

Have you passed up an investment opportunity because private money was expensive and it was your only option for financing?

Private money, or hard money financing, is non-conventional financing. The funds are not coming from a federally insured source, as in a bank or credit union. A private money lender is usually an entity or individual not regulated by the federal government, which allows for increased flexibility and common-sense underwriting to accommodate a borrower’s specific financing needs.  

Are we Goal-Oriented or Growth-Oriented?

There is no such thing as a “risk-free” real estate investment. With any return, there is risk.

Successful real estate investors typically know and understand two essential things:

The financial objective or why they are investing in real estate, .i.e., is it for future cash flow, preserve equity, generate growth, etc.
The risks associated with achieving their objective and how best to mitigate those risks.

How to Mitigate the Risks When Investing in Real Estate

There is no such thing as a “risk-free” real estate investment. With any return, there is risk.

Successful real estate investors typically know and understand two essential things:

The financial objective or why they are investing in real estate, .i.e., is it for future cash flow, preserve equity, generate growth, etc.
The risks associated with achieving their objective and how best to mitigate those risks.

How are Short-Term Real Estate Investors Profiting in Today’s Market?

There is a common character trait I see in successful people that achieve something of value: the willingness to step out and take a risk.

What’s it Take to Achieve Something of Value?

There is a common character trait I see in successful people that achieve something of value: the willingness to step out and take a risk.