Highlights
Location: Sebring, FL
Loan Amount: $222,709
iFC Loan Product: Bridge Refinance – New Construction
Property Type: SFH
Loan Closing Date: 11/04/2022
Purchase Price: $14,000
Construction Budget: $258,386
ARV: $354,000
Loan to Cost: 80%
Length of Loan: 12 months
Overview
This contractor came to us because they needed access to capital to continue growing their business – especially with multiple deals moving at once!
At a time when many lenders are struggling to provide lending options and reliable funds, we were able to offer this new construction builder the flexible capital they needed for their projects, and the knowledge that we could take them the distance to the closing table – on time, every time.
Customer Benefit
Anyone who has ever been near closing a deal, only to have their lender back out at the last minute, understands what a major benefit it is to have a lender whose funding is ultra-reliable. Most investors only make this mistake one time. Then they call us!