Fidelity Showcase Fundings October 2024
From a $7.8 million bridge loan for a stunning Park City ski house to $5 million in permanent financing for a multifamily project in Garden Grove, this month showcases the broad range of loan products and properties that Fidelity Bancorp Funding supports.
$7,800,000 Bridge
Bridge Loan Closed for Four Park City Properties
Tara Sauerbrey successfully closed a $7.8 million bridge loan across four luxury homes located steps away from the ski slopes in Park City, Utah. The client refinanced to facilitate the sale of the properties. Fidelity structured a 12-month bridge loan with no prepayment penalty to provide the necessary flexibility..
$5,000,000 Perm
Closed $5M commercial loan for multifamily property
Thrilled to share the successful closing of a $5 million conventional commercial loan for a 24-unit multifamily property in Garden Grove, CA! The financing provided the support needed to fuel the client’s investment strategy. Hats off to Tony Prestera for his expertise in making this happen.
$3,800,000 Bridge
One week close of multifamily property in Costa Mesa
We’re thrilled to announce the successful closing of a $3.8 million bridge loan for a multifamily property in Costa Mesa! Kudos to Tara Sauerbrey for facilitating this deal and ensuring a smooth and fast process for the investor. We structured a quick one-week close, enabling our repeat borrower to negotiate a more favorable purchase price and cover bridge loan costs.
$2,500,000 Perm
Successful refinance for Oak Harbor apartment complex
Pleased to announce the $2.5 million refinance for this apartment complex in Oak Harbor, WA. Thanks to Pat Capocciama for working with this new customer to make it happen.
$1,400,000 DSCR
Secured cash-out refinance for San Diego apartments
Proud to share the successful closing of a $1.4 million cash-out refinance DSCR loan for a 4-unit apartment property in San Diego, CA. Our repeat client leveraged the financing to pull cash out of a stabilized value-add property. Kudos to Dillon Freeman for facilitating the quick close.
A huge thank you to our dedicated clients, especially our repeat borrowers, for allowing us to support your real estate financing needs!
