$1,425,000 Refinance / Bridge Loan
The owners own and operate an adult residential care facility. They needed to refinance to pay off a partner before they could refinance with an approved SBA loan. They needed to close fast.
$200,000 Refinance / Rehab / Bridge Loan
A client purchased two investment mixed-use properties for $650,000 with a seller carry-back note of $475,000. The properties were rented at below-market rents. The borrower needed a bridge lender to fund $200,000 in rehab costs to generate market rent.
$210,000 Refinance / Bridge Loan
A repeat client needed to pay off a 2nd Trust Deed loan that had matured secured by a single-family property. As a way to expedite the process, the borrower offered to provide a 1st Trust Deed on a single-family investment property owned free and clear
$550,000 Purchase / Bridge Loan
A repeat borrower needed a quick bridge loan to purchase a single-family investment property in Oceanside, CA, that needed to close in less than two weeks. The borrower wanted to use the equity in his properties in lieu of cash down in structuring the financing for the purchase. The purchase...
$242,000 Refinance / Term Loan
A client referred to Fidelis wanted to take advantage of the low-interest rates available to refinance his owner-occupied single-family residence. The borrower wanted a hassle-free loan and looked to Fidelis to assist in getting it done.
A Simple Formula to Determine When is the Best Time to Refinance
At what point do you decide to refinance a loan based on the interest rate? A question most of us have been asking, given the low-interest-rate environment we have been in for a while. Making the right decision to refinance can save you money, but if not done at the appreciate time and for the...
$420,000 Refinance / Bridge Loan
A client needed a bridge loan to refinance an existing private loan and fund the remaining costs to complete two manufactured homes on two separate parcels. The two manufactured homes were built and ready to be moved onto the site. The appraised value of the two houses was $700,000 or $350,000...
How to Choose the Right Employee or Business Partner?
Choosing the right employee or business partner can make an enormous impact on whether you prosper or flounder as a business owner. Often when employers look to hire someone, or when entrepreneurs want to find a business partner, in their search, they often miss certain character traits in a...
$1,550,000 Purchase / Bridge Loan
The borrower needed a quick bridge loan to purchase an industrial warehouse/office building that would be owner-occupied. Their SBA loan with the Bank was approved but could not fund in time to meet the seller’s deadline to purchase the property.
How can you Quickly Determine Your Capacity for Success?
A simple summation of a “recipe for success” is the combination of a unique skill that is needed, where there is a passion to excel, and the timing is right. However, there is a missing ingredient in this recipe. It is our stress level capacity and ability to adapt that will be the ceiling of...
$270,000 Purchase / Bridge Loan
The timing was right for our borrower when they found an off-market opportunity to purchase an affordable single-family fixer-upper investment property below market value. The seller needed to sell quickly.
What are Key Factors & Questions to Ask in Structuring the Right Real Estate Loan Terms?
A great deal of money can be saved by structuring the right loan terms on your real estate transaction. It is the opportunity cost of making the right decision where the money is saved. When choosing the right real estate loan terms, it’s not all about the lowest interest rate. It’s wise not to...
$245,000 Purchase / Bridge Loan
A repeat client negotiated a below-market price to purchase a single-family investment property that needed to close within a week. The borrower planned to remodel the house for resale.
$400,000 Purchase / Bridge Loan
An existing Fidelis borrower and Fidelis investor, experienced business owner, and real estate investor purchased an owner-occupied commercial property in Riverside, CA. He needed a quick bridge loan to buy a property that will be refinanced with conventional financing.
$150,000 Refinance Cash-Out / Bridge Loan
A previous client owned a single-family residential investment home free and clear, recently remodeled and ready for sale, and needed $150,000 cash out to pay off another investment debt. The conservative market value of the property was $890,000 or a 17% LTV ratio. The property was in an...
What is the Key to Success? Cultivating Relationships
The video testimonial in this blog is a great example of a relationship cultivated over time with mutual trust, a key for long-term success. Cultivating existing relationships is often the most effective way to grow a successful business.
$500,000 Purchase / Bridge Loan
A prior client, experienced business owner, and real estate investor teamed with a partner. They needed a quick bridge loan to purchase a commercial property/owner-occupied in a matter of days. The purchase price was $700,000 or 71% loan to cost. An appraisal supported the value after the...
What do I see on the Horizon for San Diego Real Estate?
What I currently see on the horizon for San Diego real estate is based on information I receive from conversations with real estate owners, lenders, borrowers, buyers, and sellers in the San Diego market. This provides valuable information as to what changes are developing.
$200,000 Refinance / Term Loan
A new client needed to refinance her previously free & clear primary residence with a new mortgage for investment purposes while taking advantage of today’s low-interest rates. She was frustrated with her previous attempts to obtain financing through other loan brokers and banks and almost...
Our Decisions are a Series of Opportunity Costs
We believe relationships are more important than transactions. Most of our loans are to repeat clients and borrowers we have known for years. What makes Fidelis different from other private lenders is how well we treat our clients and carry on our everyday business activities with a sense of...