A repeat client needed a loan to rehab a dilapidated single-family residence with one detached residential unit and garage in the rear of the property. The property is located on a corner lot in an excellent location in the community of Pacific Beach on Grand Avenue.
An experienced general contractor needed a construction loan, as an owner/builder, to build a residential duplex with an auxiliary unit for a total of three residential units in an excellent location in the community of South Park San Diego.
Connect with people and communicate with sincerity and purpose. Get to know people beyond their name and the business transaction you benefit from. To know a person better provides insight and value to the connection that can’t be quantified because long-term success in business comes down to...
A new client was referred to Fidelis from a long time borrower and an excellent referral source to refinance an owner-occupied single-family residence. The borrower needed additional cash-out for repairs and maintenance. Frustrated with other lenders, the borrower turned to Fidelis for the...
We received a referral from a client looking to purchase an owner-occupied industrial building in Henderson, Nevada. The client had a timing problem and needed to close before the conventional lender could fund the loan request.
A repeat client and experienced real estate investor called me with a loan request to purchase a single-family residence as an investment property. The loan needed to close in 9 days. There was not enough time to close the loan with a conventional lender.
I have been in the real estate financing business for over 30 years, and subsequently have helped hundreds of investors finance over a billion dollars in real estate. There are qualities I have observed throughout my career in people who experience continued success and happiness. The success I...
A crisis produces opportunities. 2020 has been one crisis after another. With businesses altering the way they run, government policy continually changing, and people’s living and working environments shifting, it all impacts the real estate market. Most market statistics are not current...
An experienced real estate broker negotiated a below-market price to purchase a “Fixer-Upper” single-family residential investment property in San Diego, CA. The borrower needed a lender who would acknowledge the real market value vs. just focusing on the purchase price. She needed a lender that...
Wise investors look at the big picture when analyzing the feasibility of a real estate investment opportunity and consider private money financing as one tool in accomplishing their goal. Private money works best for the short term, bridge financing opportunities where value is created in...
We all have plenty of ideas. This is the easy part. The hard part is turning an idea into reality. These are four practical action steps I found helpful to get an idea to a result: Write the idea down on paper – This helps solidify what you desire to achieve. It gives clarity to
A repeat Fidelis client needed a bridge loan to close on the purchase of a single-family residence in La Jolla, CA. The borrower qualified for a permanent loan with a conventional lender, but the seller would not extend the escrow long enough to close with the traditional financing.
Two partners, a general contractor and real estate investor, needed a construction loan to build two detached residential duplexes in Vista, CA. A total of four apartment units. The borrower’s obtained the permits necessary to start construction and were ready to build. They and did not want...
I have been in the commercial real estate financing business as a lender and mortgage broker for over 30 years. I have arranged over a billion dollars in loans and worked with hundreds of different borrowers, so I know what it takes to get lenders to approve a loan request. Know Your Client and...
A borrower had an opportunity to purchase a commercial investment property located in Lakeside, CA, at an excellent price and needed to close fast.
A borrower needed to access cash equity in an existing residential investment property located in Escondido, CA, to purchase another business investment. Instead of having to sell the property, the borrower wanted to refinance and pull cash out as well as use his personal residence as additional...
An investor/owner-operator was purchasing a mixed-use commercial/residential property in Spring Valley, CA. The purchase price was $600,000. The borrower was going to move his business into the commercial space and rent out the attached residential unit.
A repeat Fidelis client, owner-builder/contractor, needed to access cash equity in a newly constructed single-family residence he owned free and clear. The borrower wanted a short term cash-out loan for other investment opportunities.
A local private lender needed to sell the note on a single-family residential investment property in San Diego, CA, which is nestled into the slope of Mount Soledad with ocean views. The note was sold for $1,200,000 and needed to close within a week.
Fidelis Private Fund is a mortgage fund that invests primarily in short-term bridge loans. Our business model is based on years of experience and a proven strategy. In this article, I share some of the key advantages and how that business model ultimately benefits our investors while providing a...
