Success Story
A close family member of a long-time Fidelis client needed short-term financing to purchase and renovate a single-family home in Carlsbad, CA. Though structurally sound, the property required significant updates to maximize its market potential and achieve a profitable resale within a tight timeline.
Fidelis Private Fund provided a $1,160,000 loan commitment, including $960,000 for the purchase and a $200,000 holdback to fund the planned renovations. The project involves modernizing the 4-bedroom, 3-bathroom home to align with the high-end market expectations of the surrounding neighborhood. The loan was structured with a conservative 60% loan-to-value (LTV) ratio.
Exit Strategy
The borrowers plan to sell the property upon completion of the renovations, which is anticipated to take six months.
Value Added
Fidelis leveraged its established relationship with the borrower’s family and delivered a tailored financing solution to meet the project’s goals. The funding allowed the investors to move quickly on the purchase and execute a well-planned remodel, demonstrating Fidelis’ commitment to supporting experienced investors with timely, flexible loan structures.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.