Success Story
A longtime San Diego business professional with decades of experience in the cold storage and logistics industry sought to reposition a canyon-rim single-family property in the Mission Hills neighborhood. The existing structure was uninhabitable and required full redevelopment. The borrower needed to refinance a small first trust deed, fund outstanding architectural and entitlement costs, and create liquidity for the next phase of the project. Given the property’s current condition, conventional financing was not a viable option.
Fidelis Private Fund provided a $450,000 first trust deed bridge loan secured by the property. Proceeds were used to pay off the existing lien, fund predevelopment expenses, and reimburse the borrower for capital already invested in the entitlement process. Architectural plans were already under city review, and the borrower’s deep local experience and long-term property vision positioned the project for success. The estimated loan-to-value was approximately 54%, supported by strong underlying land value.
The borrower intends to repay the loan through the sale of the subject property or liquidation of another commercial real estate asset in their portfolio.
Value Added
Fidelis provided a fast, structured, and relationship-driven solution where traditional lenders could not. The property’s prime Mission Hills location, large lot size, and significant redevelopment potential supported the conservative underwriting. This transaction underscores Fidelis’ ability to support strategic redevelopment efforts through flexible capital and trusted local partnerships.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.