Success Story
A repeat Fidelis borrower and experienced real estate investor secured financing to reposition an aging residential property in East San Diego County. The project includes a full renovation of the existing home along with the addition of a new detached unit and garage structures to maximize rental income and overall value.
Fidelis Private Fund structured a $1,290,000 first trust deed refinance and construction loan at 65% LTV, providing funds to retire existing debt and complete the redevelopment through milestone-based construction draws. Upon completion, the property will be transformed into a modern dual-unit asset with enhanced functionality and long-term market appeal.
The borrower’s exit strategy is to refinance the bridge loan with a conventional lender.
Value Added
Fidelis delivered a tailored financing solution that combined refinance proceeds and construction funding into a single loan, using staged holdbacks and draw management to ensure disciplined execution. This transaction highlights Fidelis Private Fund’s ability to support experienced repeat borrowers with flexible bridge and construction capital that transforms underutilized properties into stabilized, income-producing assets.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.