Success Story
A long-time family-owned property had fallen into significant disrepair over decades, including deferred maintenance and code violations. The borrower needed short-term financing to complete a major renovation and construct an ADU to reposition the property as a two-unit income-producing asset.
Fidelis Private Fund provided a $536,000 first trust deed rehabilitation loan to fund the renovation of the existing single-family home and construction of a new ADU, and after completion a conservative loan-to-value ratio of approximately 55%.
The borrower plans to refinance with a conventional lender once renovations are complete.
Value Added
This transaction highlights Fidelis Private Fund’s ability to finance value-add projects that traditional lenders often avoid, while maintaining conservative underwriting and supporting the borrower’s plan to transform an underperforming property into a stabilized income-producing asset.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.