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: Northwest Dallas, TX
Loan Amount: $529,975
iFC Loan Product: New Construction
Property Type: SFH
Loan Closing Date: 3/13/23
Purchase Price: $225,000
Construction Budget: $506,000
Loan to Cost: 73%
Exit Strategy: Sale
Length of Loan: 12 months
Texas based loan officer Jack Pagliarini saw a current townhome deal that this client was working on, and asked to meet with the project sponsors.
The customer had previously worked with banks. They had three lots that were shovel-ready for construction, but the process to get started with the bank was taking much too long.
Since the borrower had owned the land for over a year, we could use the imputed equity in the land to structure favorable terms for the builder.
We funded 100% of the construction on this deal and covered all closing costs. The borrower walked away from the table with additional cash in their pocket.
Speed and the ability to begin a relationship with a lender who they know can close deals for them.