Hey everyone! Our CASE STUDIES showcasing the real estate investment loans we have done for our clients give you real-life details about how other investors used our loan products to build their portfolios! From fix and flip and fix to rent loans to new construction, multifamily and rental loans, we do them all!
Loan Amount: $110,500
Location: Fayetteville, NC
iFC Loan Product: Fix and Flip
Property Type: Single Family Residential
Loan Closing Date: 3/20/23
Purchase Price: $101,000
Construction Budget: $35,000
Loan to cost: 82% LTC
Exit Strategy: Sell
Length of Loan: 12 months
This client came to us through a referral. The borrower had worked with other hard money lenders before, and was looking for someone who could better accommodate a quick closing timeline.
We walked through the deal diligently with this borrower, overcoming obstacles with title, insurance, and details with the seller and to help this client get this deal closed!
The borrower was appreciative of the ease of doing business that I Fund Cities and loan officer Jack Pagliarini offered. He said, “For the first deal with a new lender, everything was solid! The attention to detail was there and the guidance throughout the process was what we needed to get a deal done.”