CASE STUDY: $302,400: Bridge-Renovation: Riverton, NJ

Highlights 

Location: Riverton, NJ 

Loan Amount: $302,400 

iFC Loan Product: Bridge – Renovation 

Property Type: SFH 

Loan Closing Date: 10/07/22 

Purchase Price: $125,000 

Construction Budget: $309,200 

ARV: $432,000 

Loan to Cost: 70% 

Length of Loan: 15 months 

Overview  

This investor unfortunately had a very bad experience with another lender before coming to us. He explains, “I came from a dishonest and bad lender. I needed to close fast!” 

Once the investor was referred to us, Loan Officer Jack Pagliarini assured him we were a reliable partner and would close the loan. We worked hard to get the loan on the fast track, and closed the loan, as promised. Says the investor, iFC’s major asset was that they “understood the scope of the project and partnered with me to complete the vision,” 

Customer Benefit 
Our reliable funding allows us to close loans when other lenders cannot or will not. 

Customer Feedback

“Jack was completely on board with the communication needs I had, given my previous negative experience with another lender.” 

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