Alameda is a historic island city in the East Bay, connected to Oakland by tube and bridge, famous for one of the largest concentrations of Victorian and Edwardian homes in California and for the redevelopment of the former Naval Air Station. Its economy blends small business along Park Street, maritime and light-industrial uses, and a growing residential draw for those seeking a walkable, water-ringed community near San Francisco. The housing stock is dominated by pre-1940s architecture in the Gold Coast and East End, plus mid-century homes on Bay Farm Island, and investors prize the restoration upside in period homes and the steady demand for character housing near the city.
Fidelity Funding lends directly throughout the East Bay, underwriting the asset and the plan rather than a borrower's income history, which suits the older, sometimes complex properties on the Island. We close in five to ten business days, fund up to 90% of purchase plus 100% of rehab, and offer DSCR loans for the strong rental demand across Alameda. Whether you are restoring a Gold Coast Victorian, flipping an East End cottage, or holding a Bay Farm rental, our capital fits a market where character homes command a premium when done right.
Historic-district overlays and permit timelines shape Alameda renovation projects, but the resulting product trades at a premium to the $1.1M local median.
Investor exits in Alameda skew to design-driven owner-occupant buyers, so loan structures include enough rehab runway to deliver finished product, not contractor-special listings. Local pocket coverage includes Park Street, Bay Farm Island, Gold Coast, East End and adjacent Alameda submarkets.
Estimated local median: $1.1M · Typical loan range: $715K – $1.38M · Top program: historic-district fix-and-flip and small commercial
Most Alameda private money loans we fund range from $715K to $1.38M, sized against an estimated local median around $1.1M. Loans outside that range are case-by-case based on parcel and scope.
For Alameda, our highest-volume program is historic-district fix-and-flip and small commercial. We also fund bridge, construction, commercial, and DSCR rental scenarios in this market.
Yes. We lend on restorations of the Gold Coast and East End's period homes, underwriting the after-repair value and plan so historic features can be preserved profitably.
Often yes. As an asset-based lender, we focus on the property's value and your rehab plan, which suits Alameda's pre-1940s stock and its occasional complications.
It is. Island-limited supply, walkability, and Bay Area access sustain steady tenant demand, and our DSCR loans qualify multi-unit and single properties on rental income.
Typically five to ten business days once title and appraisal clear, and we move quickly given the competitive, low-inventory market.
Fidelity Funding Corp · Direct California private money lender since 2006
450 N Brand Blvd, 6th Floor · Glendale, CA 91203 · Mon-Fri 8AM-6PM PT