When Market Conditions Shifted, the FBF Small Balance Bridge Loan Was the Solution

When a borrower’s agency financing fell through, Fidelity Bancorp Funding provided a solution. With higher leverage and fast, reliable execution, the sponsor overcame challenges to close on time and with confidence. 

$15.6 Million Multifamily Bridge Loan Saves Project

Fidelity Bancorp Funding stepped in to meet a tight closing timeline after the borrower’s original plan for agency financing fell through due to rising vacancies and weakened operations. The sponsor required a fast solution that offered higher leverage and certainty of execution which the FBF Small Balance Bridge program delivered. Despite property performance challenges, Fidelity successfully closed and funded on schedule, enabling the sponsor to complete their acquisition.

Bridge Loan Snapshot

• Loan Amount: $15,600,000

• 
  Property Type: 72-unit Multifamily

• 
  Loan Program: FBF Bridge Loan

• 
  Loan Term: 1 year

• 
  Prepayment Penalty: None

• Location: Southern California

Get a Quote

William Hughes

Executive Advisor

bhughes@fbfloans.com

&

Dillion Freeman 

Senior Loan Officer

dfreeman@fbfloans.com