Fidelis looked past the property’s unusual use to the strength of the collateral, and gave the borrower a revolving line he can draw from in large increments as contractor invoices come due. That kept the loan simple, with no draw-schedule paperwork, while funding the last stage of a...
By John P. Lloyd, CEO, President & Co-founder We spend forty years chasing a number — the figure in the retirement account that finally lets us exhale. The travel, the hobbies, the time with the grandkids. There is a second number almost nobody plans for, and it can eat the first. I call it...
A trust-owned entity borrower needed short-term liquidity secured by a fully leased retail center that already carried a first trust deed of less than $500K. The lack of individual recourse combined with a subordinate lien position placed the request outside conventional and most private lending...
An owner-builder needed to refinance existing debt and complete a residential renovation, including construction of a junior ADU and a planned detached ADU. Conventional lenders were not positioned to refinance the property while construction remained underway.
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.
By John P. Lloyd, CEO, President & Co-founder Somewhere around the middle of April every year, I get a version of the same call. An investor looks at what he earned, looks at what he actually kept, and asks me why he is holding an asset taxed at his top marginal rate when there are
By John P. Lloyd, CEO, President & Co-founder When I talk with new investors, this question often comes up. They understand what a return is. What they want to see is the difference between spending it and leaving it alone. Here is the direct answer. On $100,000, over ten years, the gap is...
By John P. Lloyd, CEO, President & Co-founder There is a specific feeling that every investor knows, though few discuss it openly. It isn’t just the fear of losing money; it is the anxiety of losing control. When you transfer capital into a private fund, there can be a concern that you have...
A repeat client with a proven ADU design/build and fix-and-flip track record needed to move quickly on a time-sensitive acquisition ahead of a long-term redevelopment play.
An experienced real estate investor needed to close within days of finalizing an offer on a vacant single-family investment property. Referred by a reputable mortgage broker with a strong Fidelis relationship, the borrower needed a lender capable of moving quickly while also financing the...
By John P. Lloyd, CEO, President & Co-founder As an accredited investor in a mortgage fund, questions naturally come up from time to time — moments where something isn’t quite clear. You shouldn’t feel like you’re peering into a “black box” of finance jargon designed to...
Repeat clients, experienced real estate investors, needed fast acquisition and rehab financing for a distressed 12-unit apartment building in San Diego, roughly half vacant and the remainder leased at below-market rents.
By John P. Lloyd, CEO, President & Co-founder When I talk with new investors, this question always comes up: “John, should I take the income now, or let it ride?” It sounds like a preference question, but it is actually a math question regarding the cost of interruption. Most...
By John P. Lloyd, CEO, President & Co-founder We have all felt it. It’s that knot in your stomach when you read the headlines about private credit problems or a sudden liquidity crunch. It’s the realization that while the numbers on a balance sheet might look healthy, the accessibility of...
An experienced developer needed financing to acquire a fully entitled infill site and fund the ground-up addition of 12 ADUs to an existing duplex, creating 14 rental units in the community of Normal Heights in San Diego.
By John P. Lloyd, CEO, President & Co-founder When I talk with new investors, this question always comes up. It’s the elephant in the room. You see a target return of 9+%, and in a world of volatile stock markets and low-yield savings accounts, you rightfully ask: “Is that actually...
A high-net-worth entrepreneur with complex business holdings needed a straightforward construction loan to build a single-family investment property without the burden of extensive entity documentation that conventional lenders require. The borrower needed a lender willing to focus on the...
By John P. Lloyd, CEO, President & Co-founder As an investor, especially one looking at real estate private debt, there is a very specific, visceral fear that tends to surface when market volatility shakes the headlines. It’s that knot in your stomach that asks: “If things get really...
An active multi-project developer needed to move quickly to refinance existing debt on a 96-lot residential subdivision and to fund the completion of horizontal construction and the placement of modular homes.
By John P. Lloyd, CEO, President & Co-founder When I talk with new investors, the conversation almost always shifts from “risk” to “logistics.” The core confusion usually sounds like this: “Is this like a standard rental where I wait for a quarterly check, or is...
