Success Story
A trusted borrower needed to quickly buy out a partner in a recently completed 4-unit residential project. Although the construction was finished and the property was in lease-up, securing full ownership was a tight timeline. Traditional lenders were unable to act fast enough, and the borrower required a lender who could deliver certainty and speed to meet the deadline.
Fidelis Private Fund provided a $2,150,000 bridge loan secured by a first trust deed on the newly completed property. With construction risk behind and the project entering stabilization, Fidelis was able to move quickly and structure a loan aligned with the borrower’s immediate needs while remaining conservative in underwriting.
The borrower plans to refinance through conventional or DSCR-based financing once leases are in place and income stabilizes.
Value Added
Fidelis demonstrated its ability to fund on a short timeline, recognizing the minimal risk of the stabilized asset. The project’s completion allowed for secure lending while providing the borrower flexibility and fast execution not offered by conventional lenders.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.