Archive for category: Recently Funded Transactions

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2 Million Dollar Non Recourse Multi Family Loan – Recently Funded – Top Rated Orange County Mortgage Company

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Loan Amount: $2,015,000

Loan Purpose: Cash Out Refinance

Property Type: Multifamily Residence

RECENTLY FUNDED TRANSACTION: 

Opportunity: We were able to get the client over $1MM in net proceeds to recoup renovation costs.  Even though the property was still being partially renovated we were able to get the client a non-recourse loan, on a limited doc program, with a reduced step-down pre-pay.

For more information call:

Kevin Kriser – (714) 908-5271

EMAIL Kevin

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Watsonville Non Recourse Multi Family Loan – Recently Funded

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RIVERSIDE, CA

Loan Amount: $1,771,000

Loan Purpose: Purchase

Property Type: Multifamily Residence

RECENTLY FUNDED TRANSACTION: Riverside, CA

Opportunity: First time apartment investors looking to acquire a newly constructed 10 unit apartment in Watsonville, CA. We were able to overcome the asset being in a small market and the borrowers being a first time investor to successfully acquire this great property via a non recourse loan to launch their portfolio.

For more information call:

Kevin Kriser – (714) 908-5271

EMAIL Kevin

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Salinas Cash Out Refinance $2 million – Recently Funded

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RECENTLY FUNDED TRANSACTION: Salinas, CA

Loan Amount: $2,210,000

Loan to Value: 85%

Loan Purpose: Cash Out Refinance

Property Type: 10 Acre-Mixed Use Agricultural

Opportunity: Borrower’s business is strong with increasing revenue. Unique property consisting of residential space (mobile homes and house), horse arena, commercial space (warehouses), and agricultural space (greenhouses). Borrower currently resides in a hard money loan. Borrower took $70,000 cash out in the closed loan. With a mid-FICO we were able to overcome the difficulty to define how much space each tenant occupied since it’s a non-traditional property.

For more information call:

Dylan Bright – (714) 908-5277

EMAIL Dylan

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Long Beach Multi Family Loan – Recently Funded – QUICK CLOSE

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RECENTLY FUNDED TRANSACTION: Long Beach, CA

Loan Amount: $835,000

Loan to Value: 54.242%

Loan Purpose: Purchase

Property Type: Multifamily Residence

Opportunity: Borrower is very strong with a lot of experience especially with “value-add” properties like this one. The program offered two years of interest only which will help with the buyers’ cash flow while they work to get the property up to “speed” and rents up to market. The rents were well below market so we needed a program that would be aggressive with the underwriting to maximize loan dollars. In addition, to that we had a short timeframe to get the deal closed and were able to ultimately get it done in less than 35 days due to us doing a lot of the work upfront and everyone from processing to funding working together to get it done.

For more information call:

Derek Dietzen - orange county commercial loans

Derek Dietzen – (714) 908-5137

EMAIL Derek

Fidelity Bancorp Funding h1Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Riverside Multi Family Loan – Recently Funded

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RECENTLY FUNDED TRANSACTION: Riverside, CA

Loan Amount: $1,375,000

Loan Purpose: Purchase

Property Type: Multifamily Residence

Opportunity: This property currently has great cash flow and is in a quiet safe neighborhood located in Riverside, CA. In addition to the current strong cash flow, this property still has some room for improvements and an upside in rents supporting a great opportunity.

For more information call:

Fidelity Bancorp Funding at (877) 585-FUND (3863)

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Oregon Apartment Loans – Recently Funded

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RECENTLY FUNDED TRANSACTION: Gresham, Oregon

Loan Amount: $1,995,000

Loan to Value: 75%

Loan Purpose: Cash Out Refinance

Property Type: 24 Unit Multi-Family Property

Opportunity: This 24 unit property had seen an increase in their rents in addition to the immediate neighborhood. With the borrower in a stable market, there was no strong downside to the property and the borrower to do the cash out refinance. 

For more information call:

Fidelity Bancorp Funding at (877) 585-FUND (3863)

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Pomona Mixed Use Loans – Recently Funded

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RECENTLY FUNDED TRANSACTION: Pomona, CA

Loan Amount: $232,000

Loan to Value: 70%

Loan Purpose: No Cash Out Refinance

Property Type: Mixed Use

Opportunity: This mixed use purchase in Pomona, Ca includes 2 units owner-user. Located in an ideal area of Pomona, along with the client provided extensive experience in his industry, allowed this client to better his rate.

For more information call:

Fidelity Bancorp Funding at (877) 585-FUND (3863)

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Commercial Light Manufacturing Loans – Recently Funded

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RECENTLY FUNDED TRANSACTION: Stanton, CA

Loan Amount: $843,000

Loan to Value: 84.724%

Loan Purpose: Purchase

Property Type: Commercial Light Manufacturing

Opportunity: Closed loan in 30 days! As a repeat client, in addition to being an experienced buyer, we were able to secure a 84.724%LTV with no mortgage insurance in a non SBA program.

For more information call:

Marianne Hartshorn – (714) 908-5132

EMAIL MARIANNE

Fidelity Bancorp Funding h1Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Valley Village Apartment Loans – Recently Funded

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RECENTLY FUNDED TRANSACTION: Valley Village, CA

Loan Amount: $2,085,000

Loan Purpose: No Cash Out Refinance

Property Type: Apartments

Opportunity: With low borrower liquidity and weaker tax returns, we were able to successfully close the deal with a good location and strong financials on the property.  

For more information call: (877) 585-FUND (3863) 

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Long Beach Apartment Loans – Recently Funded

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RECENTLY FUNDED TRANSACTION: Long Beach, CA

Loan Amount: $605,000

Loan Purpose: Purchase

Property Type: Multi-Family Residence

Opportunity: Our borrower was bringing funds from a 1031 Exchange. We were able to secure a strong package for the borrower with a property featuring below market rents, and low vacancy.

For more information call: (877) 585-FUND (3863) 

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

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