Direct Lender for Commercial Real Estate in the Western States

At Fidelity Mortgage Lenders, we base our loan qualifications on the property value, not on the borrowers’ credit. We can fund your next Commercial Real Estate Loans, whether small or large, very fast.

  • Funding Many Types of Commercial Property (No Land or Ag Properties)
  • Flexible Payment Terms
    • Fixed rate loan terms of 1 to 5 years with interest-only payments and a balloon payment
    • Up to 20 years fully amortized
    • 30 year amortization schedule with a balloon payment due in 15
    • Customized loan terms to fit your unique needs
  • Up to 55% Loan-to-Value
  • All of Our Loans are Non-Recourse (no personal guarantee)
  • No Tax Returns Required
  • Fast Funding – as little as 3 business days

Please Note: We do NOT offer loans for residential properties, land, or construction projects.

Property Geographic Area Details
Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Washington, Texas
Loan Amounts
$100,000 to $20,000,000
Interest Rates
8.5% to 9.97%
Loan Terms
1 months to 240 months
Origination Fees
1.5% to 2.5%
Lien Position
1st
Collateral Types
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Use Equity to Invest in Another Property
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Multifamily: 55%
Max LTP Commercial: 55%
Purchase Long-Term
Max LTP Multifamily: 55%
Max LTP Commercial: 55%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Multifamily: 55%
Max LTV 1st Lien Commercial: 55%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Multifamily: 55%
Max LTV 1st Lien Commercial: 55%
Refinance Long-Term
Max LTV Multifamily: 55%
Max LTP Commercial: 55%

Property Types

  • Adult Day Care
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Child Day Care
  • Club
  • Commercial Condominium
  • Commercial Land
  • Gym
  • Healthcare
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Rehabilitation Facility
  • Religious Facility
  • Retail
  • School
  • Senior Housing
  • Storage Facility
  • Student Housing
  • Theater
  • Vehicle Parking

Loan Types

  • Private Money
  • Commercial Bridge
  • Commercial Long-Term

Specialty Loan Types

  • Cannabis Use Properties
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Note Purchase
  • Partner Buyout
  • Reverse 1031 Exchange

Description

For Industrial Land, we may consider higher going up to 45% LTV

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

35%

Max LTC for Land Acquisition

35%
Seller financing acceptable, but borrower must have at least 25% cash in the deal.

Max Loan-to-Purchase Price

55%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Another Investment Property
  • Seller Financing

Site Visit Fee

We typically only charge a site visit fee for properties outside of California

Underwriting Fee

Underwriting & Processing fees vary by loan size

Minimum Origination Fee Amount

$6,000

Fees which are mandatory for all new borrower clients

  • Underwriting Fee
  • Processing Fee
  • Documents Fee
  • Escrow Fee
  • Title Fee

Fees which are paid to a third party company

  • Legal Fee
  • Settlement Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

2

Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
Documentation Required
  • Credit Report
  • Loan Application
Personal Guaranty (Recourse) Required
Never
Credit Check Required

yes

Credit Check Description

We check credit, but there is no minimum score. We lend on the property value, not borrowers' financials.

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Always

Additional Details

We sometimes require a formal appraisal. For most deals, we do our own in-house valuation and get a BPO from local commercial real estate brokers.

Contact Fidelity Mortgage Lenders

Fidelity Mortgage Lenders pays us to be listed, so there is no fee to connect with them directly.

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Private Money Lending Since 1971

There were few private lending options when we were founded.  Banks owned you.  They took a long time to close loans.  Often, they called your loan without there being a reasonable replacement.

Fidelity Mortgage Lenders, Inc. was originally Fidelity Home Loan Co.  We started by specializing in residential equity loans and later expanded into commercial lending. We saw a market which needed:

  1. Loans that could be funded quickly,
  2. Alternative loan options for client flexibility, and
  3. Flexible underwriting, designed for clients (but not the traditional lenders).

Today, we make loans on commercial properties, along with non-owner occupied residential real estate. We provide funds for refinancing or purchases.  We also offer first trust deeds to investors.  Many of our clients have borrowed money – and invested it too – with our assistance.

Now in our fifth decade, Fidelity continues to provide loans to borrowers which larger lending institutions are unable or unwilling to fund. We grew by constantly responding to the needs of a changing real estate marketplace while serving a growing community of property owners and investors. Our constant growth is a direct relation to our response to the changing real estate marketplace while serving a growing community of property owners and investors.

We’ve made our reputation over almost fifty years of operations – let us enhance your reputation for completing deals successfully.

License

CA DRE Broker Lic. 00388229, NMLS ID 1726526, Arizona CBK 0948156

Company Size (Number of Employees)

20

Year Established

1971

Associations

  • California Mortgage Association

Office Locations

11952 Wilshire Boulevard, Los Angeles, California 90025

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Individual Investors
  • Family Offices
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

90%

Percentage of Loans Secured by Residential Property

10%

Our Team

Charles Hershson

President

CA DRE Broker Lic. - 00278776

Ralph Haber

Loan Manager

CA DRE Lic. - 00335290

Neil Sokoler

Loan Manager

CA DRE Lic. - 00973925

Herb Nunez

Loan Manager

Paul Bellgraph

Loan Representative

Contact Fidelity Mortgage Lenders

Fidelity Mortgage Lenders pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • Non-Recourse CRE Bridge Loans
  • No Tax Returns or Financials
  • Specialty Commercial Properties
  • Cannabis-Use Properties
  • LTV/LTP up to 55%
  • Loan Term up to 20 Years

Not Available

  • NO 100% Financing or higher than 55%
  • NO Rehab or Construction Funds
  • NO Residential Properties
  • NO Land Loans
  • NO Agricultural Properties

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