An experienced general contractor and repeat client needed a construction loan to build two detached single-family investment properties in North County San Diego. The borrower had previously split a parcel with a single-family residence on it into three parcels leaving two vacant parcels to...
A repeat client negotiated a below-market price to purchase a “Fixer-Upper” single-family residential investment property in El Cajon, CA. The borrower had to close fast and needed a lender that would perform and make it an easy process.
An investor/owner-operator was purchasing a single-family residential investment property in Carlsbad, CA, to be used as a sober-living facility. The purchase price was $1,259,900, with the seller willing to execute a subordinated seller carry-back note allowing the purchaser to be put no cash...
“Contrarian investors have historically made their best investments during times of market turmoil.” Baron Rothschild. As it relates to real estate lending, a contrarian strategy takes the opposite approach to what most traditional lenders are doing. The same analogy goes for real estate...
A repeat client needed a quick, short-term loan to purchase a single-family residential investment property in the San Diego area. The borrower secured the purchase at an excellent price and planned to make cosmetic improvements to the property for resale. The purchase price was $432,000, and...
A crisis often brings clarity to our values and options that may have been ambiguous before. It expedites decisions that can result in improvements in our businesses and our personal growth. I notice ingenuity and creativity emerging as we move through this COVID-19 crisis. At times...
Just over a month ago, the fundamentals of our economy were strong, i.e., low unemployment, low real estate inventories, low inflation, low-interest rates, and stability in the capital markets. Within a month, this coronavirus pandemic has rocked our world. I want to pass on some hope in the...
An aspiring real estate investor needed a quick, short-term loan to purchase a single-family residential investment property in the San Diego area. The borrower secured the purchase at a below-market price and planned to make cosmetic improvements to the property for resale. The purchase price...
A real estate broker/investor-owned a single-family residential investment property that was initially intended to be a fix & flip property. But instead, the owner decided to keep it as a rental and needed to pay off the higher cost short-term private money financing.
An experienced real estate developer and repeat client finished the construction of a 13 unit luxury apartment in the community of Mission Hills of San Diego, CA. The construction loan of approximately $3,000,000 had matured. The borrower’s objective was to refinance and leverage as large a...
A repeat client and experienced real estate investor had an opportunity to purchase a single-family residence in El Cajon, CA as an investment property at below market value. The plan was to add value by converting a garage into a detached ADU (Accessary Dwelling Unit) and hold as a rental...
A real estate investor had an opportunity to purchase a single-family residence in the San Diego area as fix & flip investment property and needed to close within a week. Fidelis Private Fund moved fast and provided a $405,000 short term 1st Trust Deed or a 70% LTV ratio.
Fidelis Private Fund moved fast and funded a $250,000 short term 1st Trust Deed loan structured with a $100,000 initial advance with the $150,000 held for the remodel and improvement costs.
Fidelis Private Fund was able to move fast and closed a $415,000 short term 1st Trust Deed loan on the duplex and cross-collateralized the loan with the apartment to provide the funds to purchase and rehab the duplex or conservatively at a 57% combined loan to value.
Fidelis Private Fund arranged the $7,200,000 permanent loan with a Life Insurance Company at a competitive 4.25% interest rate fixed for 20 years and fully amortized.
An experienced mortgage broker who is also a Fidelis client was in the process of providing conventional financing for the purchase of a $410,000, single-family investment property for one of his clients. Just before closing, the lender was not able to perform. The borrower needed another lender...
The Fidelis Private Fund loan helped the borrower access cash equity in a property that was owned free and clear, allowing him to use the proceeds to profit on another investment opportunity.
The Fidelis Private Fund stepped in to help the borrower acquire an underperforming asset creating immediate equity with the purchase price less than the ‘as is’ market value. Also, once stabilized occupancy is achieved considerable value will be added.
Fidelis Private Fund closed a $250,000,000 short term 2nd Trust Deed loan. The income approach to value once stabilized as a for lease parking lot results in a conservative market value of over $2,000,000 or a 44% LTV ratio (combined 1st & 2nd).
A referral from a repeat client was in escrow to purchase a stand-alone industrial warehouse/office building in an industrial park that would eventually be an owner-occupied, single-tenant property. The borrower wanted a lender that would perform and make it an easy loan process.
