Fidelity Bancorp Funding

Happy Thanksgiving from all of us at Fidelity Bancorp Funding! We’re thankful for the trust, partnerships, and community we share with our clients and colleagues. Wishing you a holiday filled with warmth, gratitude, and cherished moments with loved ones. #Thanksgiving #Gratitude #Community

Recent Redfin data presents a compelling case for multifamily ownership in California: - LA and San Diego renter populations now exceed 50% and 48%. - Total U.S. renter households were up 2.7% in Q3 - a growth rate nearly three times that of homeownership. - New apartment permits are down 47% from the 2023 peak. - Home prices up 10% since 2022, keeping renters in place. Three important investor implications: - Supply Window Closing: While 2024 set records for multifamily completions, the sharp drop in new permits signals limited future inventory, enhancing the value for current owners. - California Leads in Renter Concentration: California leads the nation in renter concentration. For example, 50.8% of LA households renting versus 34.4% nationally. - Locked-Out Buyers: A 6% year-over-year rise in median home prices continues to push homeownership out of reach, ensuring demand for well-located multifamily properties remains strong as new supply diminishes in 2025-2026. The data confirms what many investors know: California’s multifamily market is poised for sustained occupancy and value. #MultifamilyInvesting #CaliforniaRealEstate #RealEstateInvesting

JP Morgan's latest report signals a 'generational opportunity' in real estate. Rising rates have compressed CRE values, with the firm projecting 8.1% returns for US core assets in 2025. These are prime acquisition conditions for long-term investors. https://lnkd.in/e2Sggn4Q #CRE #MultifamilyInvesting #RealEstate #InvestmentStrategy

Our latest Insights Newsletter is here! This month, we’re covering: - A guide to navigating today’s complex lending environment - Updates on San Diego’s housing market trends - Why mortgage rates remain high despite the Fed rate cut - Highlights from a $7.8M bridge loan in Park City, Utah Click the link below to read more and subscribe to ensure you don’t miss a thing in commercial real estate financing. https://lnkd.in/gMy7SXGZ #CommercialRealEstate #CREFinance #RealEstateInvesting #MarketInsights

This commercial real estate investor was looking to expand their industrial portfolio with an out-of-state acquisition. To support their growth, Fidelity provided a quick-close bridge loan to secure the purchase. Once the acquisition was completed, Fidelity worked with the investor to secure long-term permanent financing, ensuring their investment was set for the future. See our other fundings here: https://lnkd.in/eRidtQ8U #CommercialRealEstate #RealEstateInvesting #BridgeLoans

Key findings from MBA's recent Q3 survey: Overall Stability: Across all commercial properties, 96.8% of mortgages remain current, with only slight growth in 90+ day delinquencies. Office Delinquencies: Increased to 7.8% from 7.1%, reflecting growing challenges to this segment. This data underscores the sector's relative stability as commercial real estate (CRE) markets continue to adjust. #CRE #MultifamilyInvesting #MortgageTrends #MarketStability

We are pleased to share the successful closing of a $2.9M bridge-to-perm loan for this medical office building in Morgan Hill, CA. Big thanks to Earl McCoubrey?for facilitating the purchase and construction loan! #CRE #RealEstateFinance #CommercialRealEstate #Loans Check out more fundings here: https://lnkd.in/eRidtQ8U

This month, Fidelity Bancorp Funding has been proud to close on a range of financing solutions tailored to unique client needs—from a $7.8M bridge loan for a Park City ski property to $5M in permanent financing for a multifamily project in Garden Grove. Our team delivers solutions across property types and transaction goals, offering flexibility and speed when it counts. Explore all the ways we can support your next investment with tailored financing options: https://lnkd.in/eRidtQ8U #CommercialRealEstate #RealEstateInvesting #Funding #CRE #Loans

California's premium real estate markets are showing signs of life. Los Angeles and San Jose are leading a remarkable shift, with new listings surging 25%+ year-over-year in September. Santa Clara's median listings now exceed $1.4M, signaling sustained high valuations in key tech markets. Here's what's driving California's recovery: The drop-in mortgage rates from 7.22% to 6% has awakened dormant buyers. In high-value California markets, this translates to significant monthly savings – every 1% rate decrease on a $1M property equals $500 in reduced payments. For our state's premium properties, these savings are amplified due to larger loan sizes. California's tech corridors are showing strength. San Jose agents report premium properties near tech employers and strong school districts still commanding above-asking prices, often selling within days. While it isn't 2021's buying frenzy, it's a more nuanced market where location and property quality dictate performance. For California multifamily investors, this presents a critical opportunity. Despite the uptick in listings, we're still far below pre-pandemic inventory levels. The persistent rate lock-in effect continues to trap potential sellers in sub-4% mortgages, maintaining pressure on the rental market, particularly in our coastal tech hubs. The market is showing its strongest pending sales growth in three years, but winter seasonality and rising rates are approaching. Smart California operators are moving now to capitalize on these dynamics, especially in tech-adjacent submarkets where employment fundamentals remain robust. #CaliforniaRealEstate #MultifamilyInvesting #MarketAnalysis #CommercialRealEstate #InvestmentStrategy #LArealestate #BayAreaRealEstate