Fidelity Showcase Fundings JANUARY 2025
These success stories showcase our commitment to timely, flexible, and competitive financing solutions. Whether you’re seeking a bridge loan for a quick acquisition or a long-term refinance to fuel portfolio growth, Fidelity Bancorp Funding delivers the expertise and tailored strategies needed to succeed.
$4.2M Bridge Refinance
Tara Sauerbrey executed this $4.2 million rate and term refinance for this high-net-worth borrower. The bridge loan provided the flexibility the borrower needed, including no prepayment penalty, to renovate and sell all 9 condos for this exceptional property.
$1.9M DSCR Loan at 6%
Dillon Freeman supported the successful closing of this $1.9 million DSCR loan for an 11-property rental portfolio in Philadelphia. The loan included a cash-out component and came with a significant rate reduction—from mid-8% to an incredible 6%. Delivering added capital and interest rate savings, strategic refinances like this can be a game-changer for growing rental portfolios.
$1.7M Bridge-to-Perm
Tony Prestera helped successfully guide this Bellflower property from bridge to permanent bank financing. The borrower strategically rented up and maximized the property's value before locking in more favorable long-term financing after just one year. This is a prime example of how savvy investors can leverage bridge financing to unlock the full potential of their investment properties.
$1.5M Multifamily Refinance
Pat Capocciama closed a $1.5 million refinance for this 26-unit multifamily property in Rochester, NY. Acquired as a rehab project, the property was funded with a quick bridge loan from Fidelity to satisfy the existing lien holder. With full occupancy anticipated within 90 days, a conventional take-out refinance is planned to unlock the property’s full investment potential.
6-Unit Multifamily Bridge
A $855,000 bridge loan enabled the purchase of this 6-unit apartment building in Santa Maria, CA. The repeat borrower needed immediate financing to close quickly and Tara Sauerbrey and the team worked tirelessly to achieve the tight deadline and client objectives.
A huge thank you to our dedicated clients, especially our repeat borrowers, for allowing us to support your real estate financing needs!
