Success Story
An experienced small business owner and real estate investor sought short-term financing to refinance an existing private loan while renovating a vacant residential property in East San Diego County. The property, located on a large lot, includes a single-family home and a detached accessory dwelling unit. The borrower planned a full interior and exterior remodel to maximize the property’s value and convert the detached unit into a stabilized income-producing asset.
Fidelis Private Fund provided an $893,000 first trust deed bridge loan to both pay off the existing debt and fund the renovations at a 65% LTV ratio.
The borrower’s exit strategy is to refinance the bridge loan with a conventional lender.
Value Added
Fidelis structured a tailored bridge loan combining refinance proceeds and renovation funding into a single facility, enabling the borrower to execute a value-add strategy efficiently. With construction holdbacks and milestone-based disbursements, the loan provided both capital efficiency and disciplined oversight, demonstrating Fidelis Private Fund’s ability to support entrepreneurial borrowers through flexible, asset-backed financing.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.