A coach or mentor can help release us from what holds us back from our potential. A coach can help us reach our potential, gain knowledge, shed light on our blind spots, and be that sounding board of logic we often need when we can’t see the forest through the trees.
A repeat client needed a bridge loan to purchase 14 apartment units in El Cajon, CA, which required renovation before obtaining conventional financing. The borrower needed a flexible bridge lender to fund the purchase quickly and allow time to vacate the tenants and complete the...
A long-time existing client wanted to refinance a private money loan with an SBA long-term loan for their board and care facility that they have owned and operated for over 15 years.
Here are three common problems where a Private Lender like Fidelis can help a borrower: 1. Where Timing is Needed. 2. Where Added Value is Required. 3. Where Ease of Doing Business is Desired.
A repeat client negotiated a below market price to purchase a single-family investment property in San Diego that required only some cosmetic improvements, and needed to close in less than 10 days. The buyer needed a lender that would perform fast and make it an easy process.
A self-employed borrower needed to close on purchasing an owner-occupied single-family residence with as much leverage as possible with a long-term loan. Fidelis does not fund owner-occupied residential loans. However, we were able to negotiate with a conventional lender who could fund the loan...
A repeat client of Fidelis was in contract to purchase two commercial multi-tenant office buildings, 100% leased, totaling approximately 23,400 rentable sq.ft. located in Bonita, CA. To limit the cash down payment, the borrower needed a creative broker to arrange bridge financing with a...
Fidelis funded a small $150,000 mezzanine bridge loan directly on a mixed-use commercial/residential property in Laguna Beach, CA to help the client make some property improvements. However, the borrower ultimately needed to refinance and consolidate the senior debt and the mezzanine debt into...
The local and state government have made it extremely attractive to construct additional dwelling units (ADU’s), also known as Granny Flats, on a property with a single-family residence by loosening the density restrictions. The additional square footage created with an ADU can help increase the...
A client referral was in escrow to purchase a commercial property to be used as an owner-occupied commercial property; however, tenants still in the property needed to be vacated before a conventional lender would fund the loan. The borrower needed a flexible bridge lender to fund the purchase...
A referral from a Fidelis investor had the opportunity to purchase a fixer-upper single-family residence in San Diego and needed to close fast. The buyer needed a lender that would perform within days and make it an easy process.
We received a purchase loan request through a broker relationship for a four acre improved land parcel in Otay Mesa, San Diego, along the border. It was an owner-user acquisition. The loan request was too large for Fidelis to fund as a direct lender, so we arranged the loan with another...
Have you passed up an investment opportunity because private money was expensive and it was your only option for financing? Private money, or hard money financing, is non-conventional financing. The funds are not coming from a federally insured source, as in a bank or credit union. A private...
A repeat borrower needed to refinance a loan that matured and consolidate debt on the property. The loan was secured by a multi-tenant retail property in Chula Vista, CA.
A borrower needed to close on purchasing an owner-occupied single-family residence in less than two weeks and needed a long-term loan. Fidelis does not fund owner-occupied residential loans. However, we knew a lender who could fund the loan for the borrower and meet the short time...
An existing client requested the assistance of Fidelis to arrange a long-term permanent loan to pay off a private money loan with another lender on a single-family Investment property.
Fidelis was the existing lender where the client initially needed a purchase/renovation loan on a residential duplex in National City, CA. Once Fidelis funded the acquisition/remodel bridge loan, and the property was renovated and leased, Fidelis immediately arranged a take-out long-term...
A borrower needed a bridge lender to fund the purchase of a mixed-use investment property with a commercial unit in front and two detached single-family residential units in the back. The borrower needed a bridge lender that understood that the property was currently rented at under market rents...
A repeat client was in contract for almost two years to purchase a single-family residence in the Bay Park area of San Diego with a locked-in purchase price of $825,000. The buyer did not close on the transaction until July 2021 due to difficulty in removing the tenants. During that time, the...
A local San Diego client owns a residential lot free and clear in an upscale, residential neighborhood in Pasadena, CA. They have the opportunity to own a large single-family residence for free if they can move it off its foundation and onto the nearby residential lot they own. The borrower...
