Success Story
A repeat Fidelis borrower and experienced investor group sought financing to acquire two contiguous parcels—one improved and one vacant—with a plan to renovate the existing residence and execute a lot split to maximize value. The combination of acquisition, renovation, and entitlement-driven upside placed the transaction outside the scope of conventional lenders.
Fidelis Private Fund structured an $835,000 first trust deed loan, resulting in an after-repair value and lot split of 54% LTV.
The borrower plans to refinance or sell the property upon completion of renovations and execution of the lot split.
Value Added
Fidelis delivered a flexible acquisition and value-add loan that supports both renovation and entitlement-driven upside. This transaction highlights Fidelis’ ability to finance complex residential strategies, including parcel splits, while maintaining disciplined underwriting and strong collateral coverage.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.