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$1,657,000 Purchase/Construction Loan

$1,657,000 Purchase/Construction Loan

Success Story

A repeat Fidelis client, real estate investor, and developer had an opportunity to purchase a vacant lot in an established residential neighborhood in Santa Cruz County, in Northern California. Our client has approved plans to build a 3,000+ sq. ft. spec home in the desirable Portola Valley area.

The borrower needed a lender to provide a construction loan to cover the purchase of the lot and the cost of construction.  The loan to cost ratio was 71%, and a recent “as complete” appraisal resulted in a LTV of 53%.

Fidelis Action

Fidelis Private Fund provided the borrower a $1,657,000 1st Trust Deed construction loan with an appraised “as-complete” market value of $3,075,000 or 53% LTV ratio.

The exit strategy will be to sell upon completion immediately.

Value Added

The Fidelis Private Fund helped the borrower capitalize on a great investment opportunity. At the same time, making it a smooth and hassle-free loan process.


$560,000 Purchase/Bridge Loan $125,000 Purchase/Bridge Loan