If you’d like us to evaluate a property deal for you, give us a call.
For more information call:
Pete Alvarez
(714) 908-5274
Adding to your investment portfolio.
Featured borrowers opted for a cash out refinance on this property, to then be able to purchase an additional investment property for their portfolio.
If you’d like us to evaluate a property deal for you, give us a call.
RECENTLY FUNDED TRANSACTION:
Los Angeles, CA
Loan Amount: $825,000
Loan Purpose: Cash Out Refinance
Property Type: Multi-Family
For more information call:
Tony Prestera
(714) 908-5109
Let’s talk about leveraging opportunity!
Featuring a 7 Unit Multi-Family property in Long Beach, CA, where the borrower then registered 2 additional units with the city making the subject a 9 unit apartment building. At the beginning, the borrower was not able to qualify initially for a loan due to low income on a previous years’ tax returns. Fidelity Bancorp was able to use their more recent tax returns which now show a significant increase of income, allowing them to qualify for the loan they were looking for from 900k to now $1,290,000.
David is now refinancing the property as a 9 unit apartment building with new value, and as a result getting the client approx. $285,000 cash out for future investments.
If you’d like us to evaluate a property deal for you, give us a call.
RECENTLY FUNDED TRANSACTION:
Long Beach, CA
Loan Amount: $1,290,000
Loan Purpose: Purchase
Property Type: 7-Units Multi-Family
For more information call:
Fidelity Bancorp Funding at (877) 585-FUND (3863)
The deal of the week was a 6 Unit Multi-Family $600,000 refinance. Fidelity Bancorp Funding was able to help this borrower who’s loan was rolling over to an adjustable program. We were able to secure fixed rate financing for another 5 years.
RECENTLY FUNDED TRANSACTION:
Hawthorne, CA
Loan Amount: $600,000
Loan Purpose: Refinance
Property Type: 6 Unit Multi-Family
For more information call:
Ben Hernandez
(714) 908-5141
The deal of the week was a 16 Unit Multi-Family $500,000 refinance. Fidelity Bancorp Funding was able to help a local Los Angeles Borrower with strong schedule of real estate across southern California seeking a lower rate and cash out.
RECENTLY FUNDED TRANSACTION:
California City, CA
Loan Amount: $500,000
Loan Purpose: Refinance
Property Type: 16 Unit Multi-Family
For more information call:
Blaine Mengert
(714) 908-5122
The deal of the week was a 6-Units Commercial Retail. Even with experience in investment properties and strong financials, with one of the tenants being a marijuana dispensary, no conventional bank would lend on it. In addition, we were up against a tight timeline because the borrowers note was called due and payable. Fidelity Bancorp Funding successfully closed the deal.
RECENTLY FUNDED TRANSACTION:
Compton, CA
Loan Amount: $875,000
Loan Purpose: Cash Out Refinance
Property Type: 6-Units Commercial Retail
For more information call:
Dylan Bright
(714) 908-5277
The deal of the week was a 12 Unit Multi-Family $3,010,000 refinance. Fidelity Bancorp Funding was able to help this borrower get out of his hard money loan with more stable financing. With the client happy with our service, we are now completing other loans for him. Do you have a loan you are looking to place?
RECENTLY FUNDED TRANSACTION:
Loan Amount: $3,010,000
Loan Purpose: Refinance
Property Type: 12 Unit Multi-Family
For more information call:
Ben Hernandez
(714) 908-5141
The deal of the week was a 8 Unit Multi-Family $675,000 refinance. Fidelity Bancorp Funding was able to help borrower whose loan was reaching maturity would balloon within a few months. Overcoming a fire the previous year which brought income down by 30%, the borrower was able to take cash out and recoup funds spent on the property.
RECENTLY FUNDED TRANSACTION:
Los Angeles, CA
Loan Amount: $675,000
Loan Purpose: Refinance
Property Type: 8 Unit Multi-Family
For more information call:
Fidelity Bancorp Funding at (877) 585-FUND (3863)
For more information call:
Fidelity Bancorp Funding at (877) 585-FUND (3863)
For more information call:
Fidelity Bancorp Funding at (877) 585-FUND (3863)
Request a free personalized rate quote.
We are professionals dedicated to upholding industry best practices, and providing our clients the best solutions for their lending needs.
Company NMLS: 268792
DRE License #01298221
