Success Story
Experienced developers often require flexible financing to bridge existing debt and complete construction—particularly on multi-unit infill projects, where timing and capital efficiency are crucial. In this case, a repeat borrower needed to refinance an existing single-family residence (SFR) loan and provide construction financing, transforming it into a 12-unit multifamily project in the prime urban San Diego Community of North Park.
Fidelis Private Fund structured a $3,100,000 first trust deed construction loan to support the borrower’s efforts to complete a high-quality residential development. The estimated loan-to-value ratio upon completion is conservatively underwritten at 65%.
Exit Strategy
Refinance upon lease-up and stabilization of the property.
Value Added
This loan underscores Fidelis’s ongoing commitment to supporting repeat borrowers with tailored financing solutions that meet the unique needs of urban infill developments. By combining flexibility, speed, and trusted relationships, Fidelis helps experienced developers deliver quality housing while preserving long-term financial upside.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.