Success Story
An experienced developer with a strong design-build track record sought financing to renovate and activate a large-scale hospitality property in Julian, CA. Although the property was acquired for $1.95M all cash, the borrower required capital to complete significant improvements that would transform the site into a luxury event and lodging venue. Given the property’s scope—spread across 11 legal lots with multiple structures—a lender was needed who could underwrite based on vision, proven borrower performance, and long-term value creation.
Fidelis Private Fund provided a $2,325,000 first trust deed loan to fund site improvements, renovations, and initial operations. The 7.83-acre property includes a historic main lodge, indoor and outdoor event spaces, guest cabins, a restaurant, and a tavern—ideally suited for weddings, retreats, and boutique hospitality. Appraised value of the property at completion is conservatively estimated at $4,560,000 or 50% LTV ratio.
Exit Strategy
The borrower plans to refinance the loan with long-term financing after building a sufficient operating history and stabilizing cash flows.
Value Added
Fidelis provided a flexible and strategic funding solution to help bring a historically significant asset back to life as a high-end hospitality venue. With strong collateral, a highly capable borrower, and a conservative LTV, this transaction demonstrates Fidelis’ commitment to supporting transformational projects that blend real estate value with experiential design and long-term income potential.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.