Success Story
An experienced real estate developer and repeat Fidelis client needed financing to reposition an older residential asset into a modern 10‑unit multifamily community. The project required a lender capable of combining a refinance with a structured construction holdback, ensuring controlled disbursements and timely project execution—flexibility not available from conventional lenders.
Fidelis Private Fund provided a $3,000,000 first-trust-deed loan structured to retire existing debt and fund construction through third‑party fund control. The project will deliver a redeveloped duplex and additional newly built units with efficient layouts, modern finishes, and secure on‑site parking. The stabilized Loan‑to‑Value (LTV) is estimated at approximately 63%, reflecting conservative underwriting and strong income support.
Upon completion and stabilization, the property is expected to qualify for long‑term conventional financing. A sale remains a viable secondary exit option.
Value Added
Fidelis provided a flexible, well‑structured capital solution supporting the transformation of an underutilized infill site into quality rental housing. With disciplined fund control and rapid execution, Fidelis enabled the successful advancement of a shovel‑ready multifamily redevelopment.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.