CASE STUDY: $1,273,228: New Construction: Dallas, TX

Highlights 

Location: Dallas Love Field 

Loan Amount: $1,273,228 

iFC Loan Product: New Construction 

Property Type: SFH 

Loan Closing Date: 2/24/2023  

Purchase Price: $500,000 

Construction Budget: $1,091,536 

ARV: $2,270,000 

Loan to Cost: 80%  

Exit Strategy: Sell 

Length of Loan: 15 months 

Overview  

This Dallas client had a lot under contract for a new construction project, and they needed to close within 21 days. The property was highly sought after and had many people lined up to offer on it, so the borrower needed to close in a timely manner. 

We closed this loan of $1.27 million for the investor on time. We funded 100% of the million-plus construction budget and a large portion of the lot purchase. This helped the borrower keep working capital in their pocket.

A major benefit for this client was knowing they had a lender that could reliably close on this milestone build-to-sell project in Dallas!  

Customer Benefit 
Speed and the ability to begin a relationship with a lender who they know can close deals for them. 

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