CASE STUDY: $504,399: Fix and Hold: Hammond, LA

Hey everyone! Our CASE STUDIES showcasing the real estate investment loans we have done for our clients give you real-life details about how other investors used our loan products to build their portfolios! From fix and flip and fix to rent loans to new construction, multifamily and rental loans, we do them all!  


Location: Hammond, LA 

Loan Amount: $504,399 

iFC Loan Product: Fix and Hold 

Property Type: 8-unit multifamily 

Loan Closing Date: 01/19/2023 

Purchase Price: $306,500 

Construction Budget: $269,999 

ARV: $844,000 

Loan to Cost: 80% 

Length of Loan: 12 months 


This repeat borrower from the New Orleans area had a difficult situation with some distressed units. He was having trouble selling the units because of fire damage. He reached out to us to see about the potential to rehab the units and turn them into rentals. 

We were able to use the equity that the borrower had in the overall project, and help the borrower refinance his existing loan into an iFC bridge Fix and Hold loan. 

This was just the solution that this borrower needed to move forward! 

Customer Benefit 

The borrower was able to come out of pocket with nothing down and get funding for renovations. 

Customer Feedback

IFC comes through again!! 

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