$245,000 Purchase / Bridge Loan
A repeat client negotiated a below-market price to purchase a single-family investment property that needed to close within a week. The borrower planned to remodel the house for resale.
$400,000 Purchase / Bridge Loan
An existing Fidelis borrower and Fidelis investor, experienced business owner, and real estate investor purchased an owner-occupied commercial property in Riverside, CA. He needed a quick bridge loan to buy a property that will be refinanced with conventional financing.
$150,000 Refinance Cash-Out / Bridge Loan
A previous client owned a single-family residential investment home free and clear, recently remodeled and ready for sale, and needed $150,000 cash out to pay off another investment debt. The conservative market value of the property was $890,000 or a 17% LTV ratio. The property was in an...
What is the Key to Success? Cultivating Relationships
The video testimonial in this blog is a great example of a relationship cultivated over time with mutual trust, a key for long-term success. Cultivating existing relationships is often the most effective way to grow a successful business.
$500,000 Purchase / Bridge Loan
A prior client, experienced business owner, and real estate investor teamed with a partner. They needed a quick bridge loan to purchase a commercial property/owner-occupied in a matter of days. The purchase price was $700,000 or 71% loan to cost. An appraisal supported the value after the...
What do I see on the Horizon for San Diego Real Estate?
What I currently see on the horizon for San Diego real estate is based on information I receive from conversations with real estate owners, lenders, borrowers, buyers, and sellers in the San Diego market. This provides valuable information as to what changes are developing.
$200,000 Refinance / Term Loan
A new client needed to refinance her previously free & clear primary residence with a new mortgage for investment purposes while taking advantage of today’s low-interest rates. She was frustrated with her previous attempts to obtain financing through other loan brokers and banks and almost...
Our Decisions are a Series of Opportunity Costs
We believe relationships are more important than transactions. Most of our loans are to repeat clients and borrowers we have known for years. What makes Fidelis different from other private lenders is how well we treat our clients and carry on our everyday business activities with a sense of...
$295,000 Purchase / Bridge Loan
An existing client referred a borrower to Fidelis, a business owner who needed a bridge loan to purchase a commercial property. The purchase price was $430,000 or 68% loan to cost. The property location is in a transitioning area once a residential home is now zoned commercial and used for...
$300,000 Refinance / Const. Loan
A repeat Fidelis client, an owner-builder/contractor, needed a construction loan to complete a single-family investment property. The market value of the completed property is conservatively estimated based on sale comps at $600,000 or 50% LTV.
$450,000 Purchase / Bridge Loan
A repeat client negotiated another below-market price to purchase a single-family investment property that needed little to no work. This type of investment opportunity is hard to come by these days when there is not a lot of improvements to be done to create value. The buyer was scheduled to...
$210,000 Purchase / Rehab Bridge Loan
A referral from a long time client needed to close on the purchase of a large single-family investment property in Spring Valley, CA, in less than one week with a conservative loan at 24% LTV.
What is one of the Most Overlooked and Powerful Tools to Create Wealth?
Albert Einstein said: “Compound interest is the eighth wonder of the world. He who understands it earns it … he who doesn’t …pays it.” Compounding is one of the most overlooked and yet powerful tools to create wealth.
$845,000 Purchase / Rehab Bridge Loan
The subject borrower came from an existing client referral. The investor needed a loan to purchase a “Fixer-Upper” single-family residential investment property in the excellent community of Kensington in San Diego, CA.
$750,000 Refinance / Bridge Loan
A referral from an existing client needed a refinance cash-out bridge loan. The purpose was to recoup a portion of an all-cash purchase of a residential condo investment property with oceanfront views in La Jolla, CA.
$938,000 Purchase / Const. Loan
Two partners, a general contractor and repeat client, and a real estate investor, needed a construction loan to build two residential units in San Diego, CA. The acquisition included one parcel with the lot being split into two separate lots creating added value.
What Differentiates Fidelis From Other Private Lenders?
We believe relationships are more important than transactions. Most of our loans are to repeat clients and borrowers we have known for years. What makes Fidelis different from other private lenders is how well we treat our clients and carry on our everyday business activities with a sense of...
$555,000 Purchase / Rehab Loan
An experienced real estate investor and repeat client needed a loan in a matter of days to purchase a “Fixer-Upper” single-family residential investment property in Chula Vista, CA.
$770,000 Purchase / Bridge Loan
A repeat client needed a bridge loan to purchase a single-family investment property in the Hillcrest Community of San Diego. It was the third of three properties the borrower purchased that were all contiguous to each other. The borrower assembled the three properties to be sold to a developer...
How Can We Reduce Stress?
There is a lot of stress in our everyday life. The demands of a job and family can often be overwhelming. The economic uncertainty and the political division we live in today adds to the stress. This may sound relatively simple, but a factor in reducing stress is to embrace humility. Short...