Success Story
An active multi-project developer needed to move quickly to refinance existing debt on a 96-lot residential subdivision and to fund the completion of horizontal construction and the placement of modular homes.
Fidelis structured a $3,500,000 first trust deed bridge line of credit capped at a maximum 40% LTV, with holdback proceeds disbursed on a percentage-of-completion basis — providing strong collateral coverage against a projected gross sellout of approximately $38.4 million.
Loan payoff is expected from lot and home sale proceeds.
Value Added
Fidelis delivered a fast, flexible bridge solution for a seasoned developer who needed a lender capable of navigating a complex structure without slowing the deal down.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.