$525,000 Refinance/Bridge Loan
A good client referred a borrower who was in need of refinancing a single-family investment property in Riverside, CA that was in foreclosure due to some unforeseen family issues.
$400,000 Refinance/Cash-Out/Bridge Loan
A borrower, well known to Fidelis, had an unfortunate tragedy in the family and inherited a free and clear residential condo in the community of Mission Valley in San Diego and needed a short-term, cash-out bridge loan within ten days.
$600,000 Refinance/Rehab Loan
A repeat client who is a general contractor here in San Diego owned a single-family investment property in Mammoth Lakes, CA, and wanted to do a significant remodel, doubling the rentable square footage into a 2,600 sq.ft., 4BR/3.5BA property. However, he wanted a lender that would allow him to...
$904,000 Refinance/Permanent Loan
A new borrower referred to Fidelis Private Fund needed to refinance two maturing private notes with high-interest rates on his owner-occupied single-family residence in Rancho Mirage and wanted a long-term loan. Fidelis does not fund owner-occupied residential loans. However, we were able to...
$1,100,000 Purchase/Bridge Loan
A repeat client got their $1,420,000 offer accepted to purchase a five-unit multi-family property in Imperial Beach, CA. It had deferred maintenance and added value potential with a 10-day close.
$1,800,000 Refi./Construction Loan
A repeat client purchased a single-family investment property on a large lot with a conventional mortgage at a low-interest rate. At the same time, the borrower was in process of obtaining permits for a 6-unit multi-family project. The borrower wanted to leave the low-interest rate 1st Trust...
$100,000 Refi./Cash-Out/Bridge Loan
A repeat client owned a single-family investment property free and clear and was in the process of a complete remodel. As they were approaching completion, the borrower was short on the liquidity to finish the remodel and needed a quick bridge loan for $100,000.
$487,000 Purchase/Rehab/Bridge Loan
A repeat borrower of Fidelis Private Fund was in a competitive bidding process for a single-family investment property in Spring Valley, a community of San Diego, which required a lot of rehab work. His ability to perform fast with a bridge loan from Fidelis won him the bid to purchase the...
What Character Qualities to Look for in a Person When Adding Someone to Your Team?
When you build a team finding the right people is more important than the mission itself. If we make a mistake in adding the wrong person, it can be costly and sometimes detrimental to the organization.
How can Rising Interest Rates be Good for the Real Estate Market?
When we see rising interest rates, some people think of it as a negative, which can be true regarding the financing cost of real estate. This line of thinking concludes that the value of the real estate compared to other investments in the market will decrease as the cost of investing in real...
$550,000 Refinance/Rehab/Bridge Loan
A long-time borrower of Fidelis Private Fund needed financing to help finish the renovation of a 31-unit multi-family investment property he’s owned for years in the community of Mountain View in San Diego. The borrower has an excellent rate on the 1st Trust Deed loan, and it was in the...
Highlights of The San Diego Multi-Family Housing Market for the 1st Qtr. 2022 & Future Forecast
The San Diego multi-family real estate market remains strong for the 1st quarter of 2022. See below a summary of the highlights from the CoStar Multi-Family Market Report prepared by Voit Real Estate Services for the first quarter of 2022 and a forecast of what is ahead.
$610,000 Purchase/Bridge Loan
A repeat client negotiated an excellent price to purchase a residential duplex on a large lot with plans to add eight additional dwelling units (ADUs) to the site for a total of 10 units. The purpose of the loan was to acquire the property and later provide additional funds to construct the...
$620,000 Purchase/Bridge Loan
A long-time client was in escrow to purchase an office building in La Mesa that needed to close within 30 days and did not have time to get conventional financing. The buyer intends to occupy a majority of the space as part of expanding an existing business located across the street.
$600,000 Refinance/Bridge Loan
The borrower needed a creative bridge lender to help finish the rehab of a mixed-use project in downtown San Diego.
$705,000 Purchase/Bridge Loan
A repeat client needed to close fast on purchasing a single-family investment property in San Diego. The property has the potential for increased density with the construction of several ADUs in the rear of the property. Fidelis will come in later and modify the loan to provide for some...
$5,522,000 Refinance/Construction Loan
A client needed a construction loan to build 17 apartment units in Lemon Grove, CA. The borrower needed a lender to provide a higher leveraged loan than the typical institutional lender would provide or approximately 80% loan to cost. This loan was not a fit for Fidelis Private Fund. However...
$340,000 Purchase/Permanent Loan
A repeat borrower of Fidelis Private Fund needed to close within 3 weeks on a purchase of an owner-occupied single-family residence and needed a long-term loan. Fidelis does not fund owner-occupied residential loans. However, through our extensive network of lenders were able to negotiate with a...
20 Tips on How to Be a Better Negotiator
Most of us are not born natural negotiators and need to learn the skills. The best negotiators clearly understand how both parties view a deal and can generate an outcome that is a mutual win for both parties involved. Here are 20 negotiation tips to help us generate better outcomes for all...
$1,880,000 Purchase/Bridge Loan
A repeat Fidelis client who is a general contractor and a real estate investor needed a lender to provide acquisition financing to purchase a six-unit multi-family property within two weeks. Improvements included four detached bungalow units, one two-story duplex above five single car garages...