Success Story
A repeat Fidelis borrower needed financing to refinance existing debt and complete a ground-up multifamily development. The project required a lender capable of providing both immediate funding and future construction draws.
Fidelis provided a $2,190,000 construction loan with an initial advance and draw-based funding for a 10-unit multifamily project. The loan was conservatively structured at approximately 58% stabilized LTV.
The borrower plans to refinance into long-term financing upon completion and lease-up, with a sale as a secondary option.
Value Added
Fidelis delivered a flexible refinance-to-construction solution, combining speed, certainty, and conservative leverage to help bring new housing units to market.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.