Success Story
A long-held single-family residence required a comprehensive renovation to modernize the home and enhance its market appeal. The project required a lender willing to provide a conservative rehab loan with a controlled draw structure, supporting a full interior and exterior upgrade without structural changes.
Fidelis Private Fund provided a $400,000 first trust deed value-add rehab loan to fund a full remodel of the residence, including kitchen and bathroom upgrades, new flooring, windows, paint, and landscaping. Loan proceeds are disbursed through third-party fund control, with draws issued based on verified completion milestones. The stabilized Loan-to-Value (LTV) upon completion is estimated at approximately 23%, reflecting exceptionally conservative leverage.
Upon completion of the renovation, the plan is to refinance the property into long-term conventional financing, supported by the improved condition of the home and strong neighborhood fundamentals.
Value Added
Fidelis delivered a secure and efficiently structured rehab loan that enabled the modernization of a legacy property while maintaining substantial equity protection. This transaction highlights Fidelis’ ability to finance residential value-add projects with speed, certainty, and disciplined risk management.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.