Success Story
A repeat, experienced borrower needed to close on a single-family acquisition and fund a garage-to-ADU conversion in under a week, a timeline conventional lenders could not meet.
Fidelis structured a $618,000 first trust deed loan, including a $508,000 acquisition advance and a $110,000 incrementally disbursed construction reserve, resulting in an as-complete LTV of approximately 66%.
Exit Strategy
The borrower plans to sell the property after completing the renovation and the garage-to-ADU conversion.
Value Added
Fidelis closed the loan in under a week, delivering the speed and certainty of execution the time-sensitive purchase required, while structuring a conservative, incrementally funded construction reserve to protect against completion risk.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.