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$775,000 Refinance/Construction Loan

$775,000 Refinance/Construction Loan

Success Story

A repeat client needed a creative lender to do a construction loan to construct 3 apartment units built out of containers on a vacant lot in San Diego.

Fidelis Private Fund provided the borrower with a $775,000 1st Trust Deed refinance/construction loan, resulting in a conservative “at completion value” of $1,400,000 value or 55% LTV ratio.

The exit strategy is to refinance with a conventional lender upon completion and stabilized occupancy.

Value Added

The Fidelis Private Fund helped the borrower by providing a construction loan on a new building concept including container type construction. At the same time, making it a smooth and hassle-free loan process.

Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.

$300,000 Refinance/Line of Credit Loan $800,000 Refinance/Rehab+ Loan