CLOSED! In addition to the appraisal coming in $800,000 below the purchase price, we had to meet a hard 35 day deadline for a 1031 exchange opportunity. Our borrowers leverage our experience in the industry to get the deal done.…
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…
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…
No Surprises: Why You Should Check Your Tax Bracket Many taxpayers learned some tough lessons upon completing their 2018 tax returns regarding the changes brought forth by the Tax Cuts and Jobs Act (TCJA). If you were one of them, or even if you weren’t, now’s…
This week some of the Fidelity Bancorp Funding golf team headed to the 20th Annual Tommy Bahama Pacific Coast Classic charity golf tournament. While at the beautiful Monarch Beach Golf Links, it was a great opportunity to network, enjoy the…
The deal of the week is this newly renovated 7 Unit Multi-Family purchase located in Los Angeles, CA with an experience borrower. Questions about this deal please contact Ben directly! RECENTLY FUNDED TRANSACTION: Los Angeles, CA Loan Amount: $739,000 Loan…
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…
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. …
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…
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…