Hey everyone! Our iFC CASE STUDIES give you real-life details about how other investors used our loan products to build their portfolios!
Location: Madisonville, LA
Loan Amount: $460,000
iFC Loan Product: Bridge Loan (No renovation funded)
Property Type: (2) Single Family Residential
Loan Closing Date: 3/15/2022
Purchase Price: $300K and $275K
LTV: 80% LTV
Length of Loans : 12 months
This client was referred to us though a real estate mastermind Facebook page. The customer was working with another lender that was being unresponsive about where the loan stood.
The client emailed our super-dynamic loan officer Caitlin on a Saturday, telling her that he had an emergency. He had a week to close on two different loans: a cash-out refinance and a purchase loan!
Caitlin got to work that same day. She recalls, “There were a lot of hurdles we had to jump over to make this happen, but we were able to close both of his loans on time. He was absolutely shocked and thrilled that we were able to get this done.”
Key Loan Benefit to Borrower:
Thanks to Caitlin and iFC, this client got his cash and property that he thought he was going to lose for good.
Says the client, “I called and talked to Caitlin Davis on a Saturday after being recommended to i Fund Cities in an investor group I belong to. I explained my nightmare situation with my current lender/scam company, that I only had a week to close because I had it been pushed back twice already.
Caitlin took the ball running, offering me a way out. She worked every single day, even during the weekend, and was on top of everything. I found my new go-to for all my investment lending needs!”
This is just one example of a borrower who chose an Alternative Loan over a Bank Loan. There are many others. Read our blog post, “26 Real-Life Examples: Why Investors Choose Alternative Loans Over Bank Loans.”