Fidelity Bancorp Funding
1551 N. Tustin Ave. Suite 700
Santa Ana, CA 92705
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About Fidelity Bancorp Funding
Fidelity Bancorp Funding is an Orange, CA based hard money lender who provides loans throughout California. They provide commercial hard money loans and rental property loans. They issue loan amounts ranging from $250,000 to $125,000,000 and terms between 6 months and 5 years. They will make loans on all of the following types of properties: single family, multi-family, apartments, office buildings, retail units, mixed use buildings, and industrial facilities.
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Loan Types Offered: Investment Property Loans, Commercial Hard Money Loans, Hard Money Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial
Areas Served: CA, AZ
Licenses: Company NMLS: 268792, DRE License #01298221
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Lending Guidelines for Fidelity Bancorp Funding
Below are the general loan guidelines published on the Fidelity Bancorp Funding website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $250,000 - $125,000,000
Available Rates: N/A
Typical Terms: 6 months - 60 months
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ACommercial Hard Money Loans
Loan Amounts: $250,000 - $125,000,000
Available Rates: N/A
Typical Terms: 6 months - 60 months
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/AHard Money Loans
Loan Amounts: $500,000 - $10,000,000
Available Rates: 5.25% - 12%
Typical Terms: 1 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 50%
Max Loan-to-Cost (LTC): 50%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: 640
Time to Close: 1 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Fidelity Bancorp Funding.
Loan Example 1
Fidelity Bancorp Funding issues a private money loan to Corey for the purchase of a new commercial building after he is denied a conforming loan by his bank because he has a low credit rating. The building carries a price tag of $330,000. Corey will need to put 50% down, or $165,000, since the lender will loan only 50% of the acquisition (the loan-to-value or "LTV"). Accordingly, the principle amount on the note will be $165,000. Additionally, the lender will collect a 2 percent origination fee in combination with the 10%, 18 month term on the deal. They agree to not charge a pre-payment penalty in case Corey pays off the note before it expires. Corey can eliminate the loan at any point in time by paying off the $165,000 of principle, however, he will must make $1,375 monthly interest payments ($165,000 principle value x 10% interest / 12 months in a year) in the meantime, or up to the point the note expires. Because there is no pre-payment penalty, the only additional expense he will have to pay is the $3,300 origination charge which he will pay when the deal closes.
Loan Example 2
Luella locates a townhouse in Los Angeles, CA to remodel and re-sell. Because she does not have enough cash to buy the property outright, she takes a hard money loan from Fidelity Bancorp Funding with the following parameters:
a) A $280,000 sales price, b) a 50% loan-to-value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 5% origination fee.
Assuming a $336,000 sales price after the 6 month term, the numbers for the deal would look like this:
$336,000 sales price
- $140,000 loan principle (50% LTV)
- $140,000 down payment (50% on 50% LTV)
- $7,000 origination points (5% of the $140,000 principle amount)
- $9,100 total interest paid (6 months x 13% interest)
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= $39,900 total profit (does not include taxes or renovation costs) -
by Nora Arrin 08/28/2020
I worked with Rene at Fidelity on my first deal, it was the smoothest and easiest process I've ever been through. He truly stepped me through it. He was completely responsive and made the process very quick. I also felt like he was very honest and upfront in all of his interactions, which is critical in this business. Will definitely continue to do business with them.
I worked with Rene at Fidelity on my first deal, it was the smoothest and easiest process I've ever been through. He truly stepped me through it. He was completely responsive and made the process very quick. I also felt like he was very honest and upfront in all of his interactions, which is critical in this business. Will definitely continue to do business with them.by Brett 08/20/2020
Easy to work with and they know their stuff. Experience in this industry pays off during times when other lenders I connected with were no longer willing to extend our way.
Easy to work with and they know their stuff. Experience in this industry pays off during times when other lenders I connected with were no longer willing to extend our way.by Marcia 08/20/2020
Great service and fast. Really saved us and look forward to working with Fidelity again when we transition to conventional financing.
Great service and fast. Really saved us and look forward to working with Fidelity again when we transition to conventional financing.by Johannes 01/13/2020
They have helped and educate me on building my real estate portfolio to ensure the deals I was looking at, make sense. THANK YOU.
They have helped and educate me on building my real estate portfolio to ensure the deals I was looking at, make sense. THANK YOU.by Johannes 01/13/2020
Their advisement and support of me building a real estate portfolio as been invaluable. Assisting me with each deal to ensure it made sense. Evaluating the financials of each deal is WORTH IT.
Their advisement and support of me building a real estate portfolio as been invaluable. Assisting me with each deal to ensure it made sense. Evaluating the financials of each deal is WORTH IT.by Priat 01/13/2020
I came to Fidelity to get my deal closed before transitioning to traditional financing. They ended up being able to help me with both, although I originally was referred to them for their strength in bridge loans. Now I only wish I was referred to them sooner.
I came to Fidelity to get my deal closed before transitioning to traditional financing. They ended up being able to help me with both, although I originally was referred to them for their strength in bridge loans. Now I only wish I was referred to them sooner.by Gerard 01/13/2020
I have brokered a few deals through Fidelity with a great overall experience. They've been able to get deals done, that I couldn't source myself.
I have brokered a few deals through Fidelity with a great overall experience. They've been able to get deals done, that I couldn't source myself.by ToddB 07/18/2019
Another broker who went through Fidelity to save a loan. Always have a solid grasp of how to get my deals done.
Another broker who went through Fidelity to save a loan. Always have a solid grasp of how to get my deals done.by PrietC 07/18/2019
We couldn't complete a loan package, and brokered a deal through Fidelity. They have been great to work with.
We couldn't complete a loan package, and brokered a deal through Fidelity. They have been great to work with.by Tom 06/18/2019
They saved us from a deal falling through.
They saved us from a deal falling through.by AndreB 06/13/2019
I was referred to Fidelity Bancorp Funding for a unique multifamily property in a rough area with a unique mix set of units. Long story short, Fidelity is my first call for my deals and everyone since then. They are extremely resourceful at looking now at my entire portfolio and leveraging assets to minimize my cash outlay.
I was referred to Fidelity Bancorp Funding for a unique multifamily property in a rough area with a unique mix set of units. Long story short, Fidelity is my first call for my deals and everyone since then. They are extremely resourceful at looking now at my entire portfolio and leveraging assets to minimize my cash outlay.by KellyC 06/13/2019
I also don't post reviews, and I hope this helps another mortgage broker or banker like myself. I consistently reach out to Fidelity for my client's deals to get them done when I'm not able to. I maintain my relationship with my clients who have been with me forever, and Fidelity does their part for my clients. My clients can secure their financing with all cash and allows us time to secure more traditional financing. My clients have won out on many deals this way. Win Win for the both of us.
I also don't post reviews, and I hope this helps another mortgage broker or banker like myself. I consistently reach out to Fidelity for my client's deals to get them done when I'm not able to. I maintain my relationship with my clients who have been with me forever, and Fidelity does their part for my clients. My clients can secure their financing with all cash and allows us time to secure more traditional financing. My clients have won out on many deals this way. Win Win for the both of us.by AndreB 06/13/2019
I was referred to Fidelity Bancorp Funding for a unique multifamily property in a rough area with a unique mix set of units. Long story short, Fidelity is my first call for my deals and everyone since then. They are extremely resourceful at looking now at my entire portfolio and leveraging assets to minimize my cash outlay.
I was referred to Fidelity Bancorp Funding for a unique multifamily property in a rough area with a unique mix set of units. Long story short, Fidelity is my first call for my deals and everyone since then. They are extremely resourceful at looking now at my entire portfolio and leveraging assets to minimize my cash outlay.by KellyC 06/13/2019
I also don't post reviews, and I hope this helps another mortgage broker or banker like myself. I consistently reach out to Fidelity for my client's deals to get them done when I'm not able to. I maintain my relationship with my clients who have been with me forever, and Fidelity does their part for my clients. My clients can secure their financing with all cash and allows us time to secure more traditional financing. My clients have won out on many deals this way. Win Win for the both of us.
I also don't post reviews, and I hope this helps another mortgage broker or banker like myself. I consistently reach out to Fidelity for my client's deals to get them done when I'm not able to. I maintain my relationship with my clients who have been with me forever, and Fidelity does their part for my clients. My clients can secure their financing with all cash and allows us time to secure more traditional financing. My clients have won out on many deals this way. Win Win for the both of us.by Charles 02/16/2019
Do yourself a favor and never send loans to this Lender. They have LO's that dont know their products or services and management that will defend their LO's whether or not they were in the wrong or not. They will not close your loan, and they will waste months of your time. Go to a Lender that will shoot straight to you, and tell you why they like or dislike the loan.
Do yourself a favor and never send loans to this Lender. They have LO's that dont know their products or services and management that will defend their LO's whether or not they were in the wrong or not. They will not close your loan, and they will waste months of your time. Go to a Lender that will shoot straight to you, and tell you why they like or dislike the loan.by Len 02/15/2019
I rarely write write bad reviews, but feel it neccesary to review this company. FBF has consistently lied to me over the last four months. My LO ( I will not mention names) had no idea what he was doing. I had to offer up solutions to get my loan funded which it never did. He gave me one rate and one program. After having problems with them finding any positive in my good borrower, I had to suggest other options to get him funded. It was utterly ridiculous dealing with a kid that has no idea how to get loans funded. After I sent a negative email to my LO, I was immediately contacted by some other tool, that has done nothing. I told him that if I have to tell his LO's how to close loans, that he may need to train his employees a little better. He told me he would take care of it, and of course I never heard back from him!! I had a 700 credit score borrower, with multiple commercial properties financed with bank loans and they could not find a way to finance this customer. They lied, and afer my suggestions tried to switch programs, and then they turned the property donw because there was a vacant building next to it. Do not send your customers/deals here. They have no clue how to close loans. Their LO's dont knwo their products, or their solutions. The management lies and tells you they will call you and never do. I have never dealth with a less professional company in my life.
I rarely write write bad reviews, but feel it neccesary to review this company. FBF has consistently lied to me over the last four months. My LO ( I will not mention names) had no idea what he was doing. I had to offer up solutions to get my loan funded which it never did. He gave me one rate and one program. After having problems with them finding any positive in my good borrower, I had to suggest other options to get him funded. It was utterly ridiculous dealing with a kid that has no idea how to get loans funded. After I sent a negative email to my LO, I was immediately contacted by some other tool, that has done nothing. I told him that if I have to tell his LO's how to close loans, that he may need to train his employees a little better. He told me he would take care of it, and of course I never heard back from him!! I had a 700 credit score borrower, with multiple commercial properties financed with bank loans and they could not find a way to finance this customer. They lied, and afer my suggestions tried to switch programs, and then they turned the property donw because there was a vacant building next to it. Do not send your customers/deals here. They have no clue how to close loans. Their LO's dont knwo their products, or their solutions. The management lies and tells you they will call you and never do. I have never dealth with a less professional company in my life.
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