Hey everyone! Our iFC CASE STUDIES give you real-life details about how other investors used our loan products to build their portfolios!
Location: Ambler, PA
Loan Amount: $336,490
iFC Loan Product: Fix and Flip
Property Type: Single Family Home
Loan Closing Date: 6/2022
Purchase Price: $400,000
Construction Budget: $80,700
Length of Loan: 12 months
This client was an iFC repeat customer (we love the relationships we have with our long-term investors)!
This investor had been in contact with iFC for some time, looking for a deal that made sense for them to fund through us.
This single-family home fix and flip deal was a great fit!
The customer was looking to close quickly on the loan. Because we already had an established relationship with them, and we had all stayed in contact, our seriously-focused loan officer, Jack Pagliarini, was able to move the client quickly through the process, and ensure any hurdles along the way would be communicated and overcome.
Having access to a lender who they already knew and trusted allowed for a short timeframe to closing.
Key Loan Benefit to Borrower
A key aspect of this loan is that we were able to close with the borrower under some unusual circumstances, including the rising rate environment.
Says the customer, “I appreciated the responsiveness and team effort behind getting the deal done, the communication from the team while overcoming hurdles, and the personal aspect of working with you guys. After a time when rates hiked up and we were told our rate would be increasing, iFC gave us the news, and was still able to close a deal when other lenders were shut down.”