$270,000 Refinance/Const Loan
A client referred to Fidelis by a general contractor acting as an owner/builder needed a construction loan for a small single-family residential investment property in Julian, CA.
The Art of Retaining Your Client: A Mortgage Broker’s Ongoing Challenge – Part 2
Is there real value in a Brokerage Fee Agreement? In an ideal world, you should have clients with such loyalty that you don’t need a contract to collect a fee. However, in the real world, you need a fee agreement to perfect your interest in the brokerage relationship and get paid for the...
The Art of Retaining Your Client: A Mortgage Broker’s Ongoing Challenge – Part 1
Have you ever worked hard, spending hours arranging financing for a potential client, and come to find out it was all for naught because you did not execute a fee agreement, and the client went to another lender? I understand this is the nature of the business; however, there are ways to improve...
$480,000 Purchase/Bridge Loan
An existing client referred a borrower who wanted to quickly purchase an investment property as a rental to provide for a relative’s growing family needs.
$1,335,000 Purchase/Const./Bridge Loan
An experienced real estate investor and repeat client needed a loan to purchase a single-family residence (SFR) and the funds to increase the property’s value by building several ADU’s.
$2,100,000 Purchase/Bridge Loan
An experienced real estate investor and repeat client needed a bridge loan to purchase a 3-story, 21,168 sq.ft. office building within a six-building office park in Kearny Mesa. With the investor’s extensive network of prospective tenants, the office building is in lease-up transition and...
$1,500,000 Refinance/Rehab/Bridge Loan
A repeat client purchased for all cash a single-family investment property out of foreclosure for $1.8M. After getting the permits and starting the remodel, the borrower needed a short-term loan to complete the major renovation.
What can Real Estate Investors do now in Preparation for the Next Cycle?
In today’s market, with deals not making sense with valuations so high, real estate investors need to stay focused on the one thing that will get us through the next downturn, and that is cash flow.
$340,000 Refi/Bridge Loan
A repeat client needed to buy out a partner quickly on a single-family investment property in Escondido, CA, by refinancing the property and pulling cash out.
$10,300,000 Purchase / Bridge Loan
A repeat client of Fidelis was in contract to purchase two retail multi-tenant buildings totaling approximately 47,500 sq.ft. in a mixed-use project located in the Barrio Logan neighborhood southeast of downtown San Diego. The borrower needed a bridge lender to close fast and allow time to...
Having a Coach or Mentor can Make all the Difference
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.
$1,500,000 Purchase/Bridge Loan
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...
$2,075,000 Refinance/SBA Perm Loan
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.
How Does Private Money Help Solve a Real Estate Borrowers Problems?
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.
$565,000 Purchase/Bridge Loan
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.
$1,540,000 Purchase/Perm Loan
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...
$3,450,000 Purchase/Bridge 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...
$1,985,000 Refinance/ Permanent Loan
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...
Four things to Know Before Building an ADU on Your Residential Investment Property
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...
$530,000 Purchase/Bridge Loan
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...