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.