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The Fidelis Private Fund, LP (FPF), a California Limited Partnership, is a direct portfolio lender specializing in commercial and residential investment real estate loans in California. FPF offers accredited investors the opportunity to invest in a pool of real estate-secured loans generating a competitive rate of return with moderate risk and reasonable liquidity.

Discover a One-of-a-Kind Investment Opportunity

Fidelis Private Fund offers prospective investors a unique and one-of-a-kind investment opportunity. We have the expertise and experience to capitalize on the market inefficiencies using strong underwriting fundamentals and a disciplined approach to capital preservation to maximize the return to our investors. Since 2019 a growing community of investors has discovered the benefits of Fidelis Private Fund. Below is a list of advantages and those benefits.


A strong consistent quarterly return for income or compounding...

The fund, since its inception has generated a competitive annualized yield of over 8% and over the past 4 quarters above 9%..


We have had zero foreclosures since inception...

Investments are secured by hard,
tangible diversified real estate assets, the majority of which are 1st Trust Deeds.

Experienced Fund Manager

You can have confidence in the Fund's leadership...

John Lloyd has successfully navigated a mortgage fund through some of the worst recessions in our history with no investor capital loss.we perform!

Acceptable Liquidity

Your pincipal is secure and available...

Provided (capitalized) upon availability and advanced notice with exceptions to protect the integrity of the Fund

Invest with Confidence in Fidelis Private Fund

The Opportunity

We offer Accredited Investors the opportunity to invest in a diversified pool of real estate secured loans generating a competitive rate of return with moderate risk and reasonable liquidity.

At Fidelis PrivateFund our diverse community of investors include younger and older, marrieds and singles, men and women… from varied backgrounds, professions, regions, etc. We enjoy camaraderie at our regular investor events where we socialize and connect about the work and progress of our fund.

We invite you to consider becoming a limited partner…

Financing Solutions with Fidelis Private Fund

Decisive, Rapid, Flexible Lending Solutions

Fidelis Private Fund offers borrowers a flexible alternative to conventional lending institutions. We specialize in fast and creative financing to transition properties and add value, so the borrower at the end of the loan term is in a position to either sell or refinance with a conventional lender.


When you need to know...

As a private lender, Fidelis Private Fund offers a highly streamlined review process. Based on the initial information, we can rapidly assess, make a decision, and offer lending solutions.


When time is of the essence...

Fidelis Private Fund offers superior speed of execution. It starts with a phone call or online inquiry. We can typically quickly assess the request, gather the needed information and then execute on the loan speedily, sometimes in days as needed.


When you need to get it done...

The principals of Fidelis Private Fund have decades of experience in structuring flexible financing that solves the unique challenges of borrower situations. We are creative and we perform!


Short-term & long-term financing...

Fidelis Private Fund directly lends and also arranges both short-term and long-term financing through our vast network of investors. Whatever your need is, we can get it done.

See How Easy it is to Work with Fidelis Private Fund

Superior Financing Solutions

1 – Get a Rapid Quote

Speak to a team member and get immediate answers about feasibility and available rates. Our team offers decades of experience and flexible and creative loan options.

2 – Apply for a Loan

We make our loan process easy without all the red tape banks or other lenders may insist upon. We work to solve situations that are “outside the box” in order secure the deal and help our clients seize opportunity.

3 – Get Funding

We can very rapidly as needed. Save time and hassle avoiding the stress you get with other lenders. We offer quick turnaround and personal service from our team who understand the needs of borrowers. We perform.

Closed Loans

Discover some recently funded loans either funded or arranged by Fidelis Private Fund.

$250,000 2nd DOT Refinance-Cashout/Bridge Loan

A Fidelis investor was facing a timing challenge. He needed to close on purchasing another investment property and needed some additional cash to close. The request was to tap the equity in his house for the business-purpose loan.

$3,000,000 1st DOT Purchase/Bridge Loan

A repeat client required financing for constructing 13 ADUs (Accessory Dwelling Units) as a multi-family project in San Diego. Fidelis Private Fund already had an existing loan in place, which we seamlessly modified to support the construction of this project.

$2,200,000 1st DOT Purchase/Bridge Loan

A repeat client needed a fast-closing loan to purchase an existing 10-unit apartment building in the community of North Park in the city of San Diego and didn’t have time to secure conventional financing. The property required updating, and the borrower plans to remodel the units with their own funds and raise rent to market rates, significantly increasing the property’s value. Fidelis stepped in to provide the necessary acquisition financing to meet the borrower’s deadline.

$1,825,000 1st DOT Refi./Const. Bridge Loan

A repeat client requested a modification and additional advance on a $480,000 acquisition loan Fidelis Private Fund previously provided for a single-family residence. Now that the client has received building permits to construct four additional dwelling units (ADUs) and convert the existing residence into two units, for a total of six multi-family units. Fidelis agreed to modify the existing note and provide additional funds for construction for a new increased total loan commitment of $1,825,000.

$512,000 1st DOT Purchase/Bridge Loan

A referred client needed to quickly close on a single-family residential investment property in Chula Vista, CA, for a fix-and-flip project. The borrower will cover the cost of property improvements out of pocket.

$772,500 1st DOT Purchase/Bridge Loan

A repeat client and experienced real estate investor wanted to tap into his existing real estate equity to purchase a single family residential investment property in Chula Vista, CA as a fix and flip with almost no cash down. The borrower owned other investment properties with substantial equity and allowed the properties to be cross-collateralized in lieu of a cash down payment. The borrower will come out of pocket to make the improvements to the property.

$1,575,000 1st DOT Refinance/Const. Loan

A repeat client was seeking a reliable construction lender to fund the construction of eight accessory dwelling units (ADU) in three detached buildings on a property in San Diego, CA. The project also incorporates a detached single-family residence, bringing the total to nine multi-family units upon completion.

$880,000 1st DOT Purchase/Bridge Loan

An experienced real estate investor and current Fidelis client needed to close quickly on the purchase of an older, dilapidated residential investment property in the Sherman Heights neighborhood, near downtown San Diego, CA. This property, bought at a below-market price, was marketed as a single-family residence but was actually permitted as a triplex.

$550,000 1st DOT Purchase/Bridge Loan

A repeat client and experienced real estate investor wanted to tap into his existing real estate equity to purchase a single family residential investment property in Chula Vista, CA as a fix and flip with almost no cash down. The borrower owned other investment properties with substantial equity and allowed the properties to be cross-collateralized in lieu of a cash down payment. The borrower will come out of pocket to make the improvements to the property.


Testimonials from clients who have worked with Fidelis Private Fund and John Lloyd, CEO

"As an investor in the Fidelis Private Fund, I have been extremely impressed with the professionalism, transparency, and strong performance of the fund and its management team. The quarterly investor reports provide a clear window into the fund's activities, portfolio details, and financial results. The principals have deep expertise in real estate lending and have built a solid track record of generating attractive fixed-income returns for investors while maintaining a disciplined approach to capital preservation. I feel my investment capital is in competent hands with the Fidelis team. Their integrity, communication, and investor-focused mindset give me confidence that my funds are being prudently managed to achieve a competitive return. I highly recommend the Fidelis Private Fund to accredited investors seeking an alternative real estate investment opportunity."

Wenkwei and Christina ChanFidelis Investor
Moe Ebrahimi

"“I am Moe Ebrahimi, a real estate developer, and general contractor in San Diego. We buy dilapidated real estate assets and add more units and space for residential rentals. Fidelis is extremely competent in analyzing the numbers. I really appreciate dealing with professional people it gives you a sense of security, and you feel comfortable talking to them about your projects, and you know you're not going to get judged. I definitely recommend Fidelis. I love Fidelis, John and all his crew.”

Moe EbrahimiDeveloper & General Contractor
Nate Winnett<br>RezList

I am Nate Winnett, a real estate developer. I am here at one of our projects in Point Loma, getting ready to build a couple of Additional Dwelling Units (ADU’s). I work with John at Fidelis, and working with them is a very easy, great process. They are a huge part of our construction business, and I highly recommend John and his team at Fidelis.

Nate WinnettReal Estate Developer
Daniel Shkolnik<br>Atlas West Group

"I am Daniel Shkolnik, Founder and CEO of Atlas West Group. I was introduced to Fidelis Private Fund and John through a close mutual friend and they have been absolutely essential to the core of our business. I have worked with a lot of developers, a lot of funds, a lot of different banks and funding institutions throughout my career and one thing that really differentiates Fidelis from everybody else is execution. Working with John and his team you know things are going to get done, and get done right. I worked with plenty of lenders where we had great conversations. There's all this enigma and then the docs come out and never match what we discussed. I've done deals with Fidelis where we haven't even run and LOI and we get docs and it's exactly what we discussed. They are honest, transparent and they get deals done and better than anything, they are out of the box thinkers. They will sit down to help you think and help empower your business. I would highly recommend Fidelis for any of your bridge money, hard money, creative financing needs. They have an honest, transparent and reliable process."

Daniel ShkolnikCEO, Atlas West Group
Mike Corless

"My name is Mike Corless, and I own a construction & remodeling company known as BuildTech. I have been in business for thirty years. Without Allan Paranada and John Lloyd, I couldn’t succeed in this business. They respond quickly, and they are reliable. When I need an LOI, I get it often within hours of the request. I had a loan request where John and Allan showed up the same day, and I had approval. I highly recommend Fidelis, John, and Allan; they are a great person to have on your team."

Mike CorlessBuildTech Unlimited
Elizebeth T. Poe,<br>CPA (Inactive), MBA

John Lloyd and I worked together for over ten years at a private mortgage fund invested in trust deeds, similar to Fidelis. John was the President and I was the Controller at that company; where John grew the fund capital from $30M to over $180M. John knew not only how to originate and underwrite real estate loans but, he was also a respected leader who valued and understood the employees, investors, and borrowers.

John’s leadership built a unified team that kept the Partnership growing and adapting. I continued to work there as long as I could after John left, however, his absence undermined my confidence in the organization. I trust John’s integrity and his management of a mortgage fund. When I saw the direction of my prior employer, after John and I both left, I moved my limited partner investment to Fidelis Private Fund.

I believe John has put together a great team at Fidelis. I know he will continue to observe and assess commercial and residential real estate, economic conditions, and market demand, to make insightful and safe decisions with the Fidelis Fund. I am excited to share in their success.

Elizebeth T. PoeCPA (inactive), MBA
William Lewallen

"I have worked with John Lloyd for 15 years, and he has funded 30 to 40 loans for me. It's amazing how he has been able to help me close deals. Recently on a deal, I had to close in 10 days with no contingencies, and Fidelis was able to close the deal. I highly recommend Fidelis and John Lloyd. I can’t imagine how much money I have made through the years dealing with John. The process is so streamlined, and especially once you get to know John and we trust each other, everything goes so smooth. I am grateful.”

William LewallenSouth Coast Real Estate Group
Voltaire Lepe

"I first met Allan Paranada and John Lloyd several years ago when I was buying a commercial building. With their help, I was able to finance it, and I made a lot of money. They were straight forward and very fast and got the job done. I snowballed that deal into other properties. I have also referred them to other clients who also had similar experiences as mine. I would highly recommend Fidelis to anyone who is purchasing real estate and needs financing. I trust them, and they did a really good job for me."

Voltaire LepeLepe Tendwell Properties
Brian Nelson

"I can't speak highly enough of John Lloyd. This recent property was completely distressed. We came in all cash and closed the escrow in less than 14 days. It was a burnt down unit. We built the foundation and roof, all brand new. The foundation was sinking, had settling issues, and fire in the middle. The roof was missing, windows were boarded up. We went after it. We did everything. John helped out. We've done a number of loans together the past ten or eleven years. He came in clean, great terms,  quick close, no issues, which I knew it would be and why I didn't call anyone else. He came in quick, walked the property, quick decision to go for it, and gave the green light. We funded less than two weeks later within the contract terms. I work with John for a couple of reasons. First, and primarily I need assurance of closing. When I come in and walk the property I need to act as if I'm closing this thing with all cash, no hiccups, no worries. I've worked with John and we've done about 8 to 10 loans together. Never had an issue. Every one has closed. He's always on time. Great team, great staff and they communicate well."

Brian NelsonDeveloper, South Coast Commercial
Ashley Rhame

Working with Fidelis has been absolutely incredible. One of my favorite things about the entire process is how easy they make everything. My biggest differentiator about Fidelis is the personal aspect they offer, it's no hassle, they are consistently available, communication is simple and straightforward. Their ability to turn things around so quickly is phenomenal. I will not be using any other lender if I don’t have to. I would recommend Fidelis to all borrowers, friends, colleagues or anyone needing private money financing because it's seamless; if they tell you it’s a go it’s a go, You can count on their timeline and their word; they are incredibly trustworthy.

Ashley RhameReal Estate Investor & Entrepreneur
Nicholas Inzunza<br>Inner City Redevelopment

I am the owner of Inner City Redevelopment. I have been investing in properties for 25 years. I am a former public official, investment banker, and now I invest in real property. I got to know John many years ago, making investments in Barrio Logan and National City. Its been 15 years now John and I built a personal relationship where he walks my properties, talk to my people, and I have the faith and confidence that I need in a banker. Being able to work with John and Allan at Fidelis has made all the difference; they know how to get deals done.

Nicholas InzunzaReal Estate Investor/Developer
Rick Moore<br>Moorehoward Investments, LLC

I have been doing this for over 35 years. We have about 150 properties in our portfolio.  I can tell you over the years I’ve dealt with many different types of lenders, and Fidelis by far has been the best. Their fast, easy, and they do what they say they are going to do, which makes our job go extremely well.

Rick MooreReal Estate Investor/Contractor
Keith Anderson

My relationship spans almost 30 years since I met John Lloyd at San Diego Trust & Savings Bank. I have known John to be a person of integrity and a resource of knowledge when it comes to real estate financing and funding loans. I have not only been a borrower of private money through John, but I am an investor in Fidelis and believe that John’s experience managing a mortgage fund provides me the security I need in these challenging times of uncertainty and volatility.

Keith AndersonAnderson Investment Company, Inc.
Chris Hakim<br>Broker

As a real estate broker, I am always looking for a lender who not only can perform but will always protect my interest. John Lloyd at Fidelis does a fantastic job getting the real estate loans funded I need and making it easy with no hassle. What's different about John from other primate money lenders, John values relationship over the transaction and is in it for the long-term. If you are a broker and want a lender you can trust call John at Fidelis.

Chris HakimBroker, Symbolic Real Estate, Inc.
Steven D. Sefton<br>President

I first met John Lloyd in 2011, where he was President of a successful commercial mortgage company in San Diego, similar to Fidelis. I was impressed by how John managed his mortgage company Fund through the Last great recession with no losses to investor capital and How John grew the Fund five-fold during his tenure there.  John has since linked with two strong Partners and picked up where he left off forming Fidelis Private Fund. Since I am familiar with what John can do as Fidelis’ leader, I would invest in Fidelis if I were allowed. As his banker, I cannot. Because we made the decision to do business with John and Fidelis, Endeavor Bank is betting that Fidelis will be successful.

Steven D. SeftonPresident, Endeavor Bank
Rammy Cortez<br>Developer

We turned to John Lloyd with Fidelis to help us with take-out financing for a 13-unit apartment complex project. Within 30 days of contacting John he had options of 15 different lenders for us to choose from. The three key items that we requested from John were a low interest rate, long term financing, and the most cash out as possible. John was able to deliver. He got us a ten year fixed loan under 4% and more money cash out than we requested. John also got us three years interest only, so we have more cash flow in the first few years of managing the property. Thank you John and Fidelis...and on to the next one!

Rammy CortezDeveloper
Larry A. Johnson,<br>Glacier Real Estate Finance

I am sending this note to let you know that I am very pleased to be an investor in Fidelis.  This is an investment that fits well with my retirement goals. It provides an excellent return at 8%, it provides me with a conservative investment (being secured by a pool of first mortgages with good LTV ratios), and a steady cash flow. I feel comfortable with the investment secured by San Diego area real estate and having known and worked with John for over 25 years, I have confidence in his underwriting and judgment. While it is a long term investment, I also have the flexibility to withdraw funds, should the need arise. I hope to increase my investment in Fidelis over time and I look forward to a long term relationship.

Larry JohnsonGlacier Real Estate Finance
Mario J. Teran

As a real estate investor for over 30+ years, I have been pitched many “opportunities to invest” by brokers, agents, etc. I do not swing at most of them, in fact, very few make the cut. What drew me to Fidelis is the transparency of their operations and the clarity of purpose on which the funds are invested. I have known John for over 10 years and can definitely attest to his integrity as a very knowledgeable asset manager and above all, as an individual. The fact that the funds are invested in the San Diego Real estate market, with timely paid dividends that are allowed to compound, AND secured by Trust Deeds compelled me to invest. I sleep well knowing that a real estate veteran is handling my investment. Thank you John.

Mario J. TeranReal Estate Investor & Entrepreneur
Michael Clark

Today, as the stock market tumbles faster than the log ride at Disneyland, I pause to think about Fidelis and our relationship.

The steady positive return paid by Fidelis to its investors on a regular basis is very comforting and beneficial for my investment portfolio. The Fund’s approximate 8% annual return when reinvested to compound will double the principal in approximately 9 years. What a great option for the careful investor . . . especially when coupled with sound retirement planning.

Your conservative approach to lending as the Fund Manager is what we have been looking for over the years. Most of your loans are placed with San Diego based borrowers and we all know what has happened to San Diego real estate over the years. The variety of loans provides diversification while the location and loan to value ratios provide additional security.

Your decades of experience in this business in the San Diego area serve you, Fidelis and its investors well.

Keep up the good work, John.

Michael ClarkClark Family Enterprises, LLC
Adam Jacks, <br>Apartment Consultants, Inc.

I've closed several deals with John Lloyd, and each time he has performed quickly and as promised. Having a lending relationship I can trust will perform has been a tremendous help to my business. I would and have recommended John Lloyd and Fidelis for anyone seeking private financing.

Adam JacksApartment Consultants, Inc.

Leadership Team

The Fidelis Private Fund's leadership offers extensive experience in real estate lending, combining rigorous discipline with dynamic and seasoned execution. This offers tremendous value to investors and borrowers in our ability to recognize true opportunity and structure deals that grow value for the fund and benefit both the investors and the borrowers
John P. Lloyd
John P. Lloyd
President & CEO, Co-Founder
The Fidelis Private Fund is led by John P. Lloyd. For over 30 years John Lloyd has pursued his passion and life’s work in commercial real estate financing.
Chad Ruyle
Chad Ruyle
Chad R. Ruyle is the President and Co-Founder of FundLoans and Drop Mortgage, Inc. He works with both overall operations and capital markets for the business.
Jon Maddux
Jon Maddux
Jon Maddux is CEO and co-founder of FundLoans. FundLoans is a wholesale mortgage lender with the focus on residential jumbo niche loan programs.

Fidelis Private Fund Blog

The Fidelis Private Fund Blog offers articles and resources for commercial real estate financing as well as professional and personal success.

Fidelis Flexibility: Investing Made Accessible for Any Accredited Investor

At Fidelis Private Fund, we pride ourselves on offering a wide range of investment vehicles to accommodate the diverse needs of accredited investors. Our fund performance speaks to our commitment to excellence, generating over a 9% annualized return for our investors. This impressive yield reflects our dedication to maximizing returns while maintaining prudent risk management […]

Reputation: Fidelis Private Fund’s Pillars of Trust and Integrity

At Fidelis Private Fund, our outstanding reputation in the mortgage fund industry emphasizes our unwavering commitment to excellence and reliable performance. Our integrity and the deep trust our investors place in us are foundational to our success, influencing every aspect of our operations and client interactions.AdobeStock_706954130.jpeg This high level of trust results from our consistent […]

Enhancing Returns Through Targeted Diversification

As an investor, diversification is key to managing risk and maximizing returns over the long term. This is especially true when investing in a mortgage fund like Fidelis Private Fund. With an understanding of the market, the Fidelis team strategically builds a diversified portfolio. The fund invests in various property types, including commercial, multi-family, residential […]

Aligned Aspirations: How Fidelis’ Management Fee Ensures Mutual Growth

The fee structure is a critical component in real estate mortgage funds that can significantly impact investor returns. At Fidelis Private Fund, we’ve adopted a fee structure that aligns our aspirations with our investors, ensuring our mutual growth is linked. AdobeStock_527169980.jpeg A Unique Approach to Management Fees Diverging from the common practice among mortgage funds […]

Who is the ideal Fidelis investor and how does an investor achieve liquidity in the Fund?

Investing with Fidelis Private Fund offers a strategic balance between achieving higher yields and maintaining access to your funds. It’s a vehicle for long-term growth where reasonable liquidity can be achieved with some foresight and planning without sacrificing the higher yield potential of real estate mortgage investments.​ The Ideal Fidelis Investor The ideal investor for […]

How Does a Mortgage Fund like Fidelis Achieve a Higher Yield and Acceptable Liquidity?

Investing in real estate mortgage funds often challenges striking the right balance between liquidity and maximizing yield. At Fidelis Private Fund, we understand that our investors have diverse needs and goals. We are committed to offering a strategy that achieves acceptable liquidity and long-term wealth accumulation. A key component of this strategy is using a […]