Success Story
Fidelis Private Fund provided a $ 1.6 million bridge loan to support the acquisition of a commercial, multi-tenant property with significant redevelopment potential. The borrower, an experienced developer, required fast and flexible financing during the entitlement phase, with plans to convert the property into 26 micro studio units. Fidelis structured a first trust deed loan at 57% loan-to-value based on an as-is appraised value.
Value Added
Fidelis delivered a tailored acquisition loan that provided the borrower with immediate capital while accommodating future construction financing. By underwriting the project’s potential and not just its current use, Fidelis demonstrated the flexibility and speed that developers need when executing complex value-add opportunities.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.