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$2,070,000 Refinance/Const. Loan

$2,070,000 Refinance/Const. Loan

Success Story

A repeat client purchased a single-family investment property on a large lot and obtained the entitlements to remodel the SFR and add six additional units creating substantial value. The borrower needed a construction loan to refinance the acquisition loan and provide funds for the construction of 6 additional units plus the SFR for a total of seven units.

Fidelis Private Fund provided the borrower a $2,070,000 construction 1stTrust Deed refinance construction loan at a conservative 60% LTV ratio at completion and stabilized occupancy.

The exit strategy is to refinance with a conventional lender.

Value Added

The Fidelis Private Fund helped the borrower add substantial value by transforming the single-family residence into a 7-unit multi-family property. At the same time, making it a smooth and hassle-free loan process.

Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.

$315,000 Refinance/Bridge Loan $406,000 Refinance/Bridge Loan