Location: Manayunk, PA
Loan Amount: $633,805
iFC Loan Product: New Construction
Property Type: Luxury Single Family
Loan Closing Date: 12/15/2022
Purchase Price: $125,000
Construction Budget: $643,248
Loan to Cost: 83%
Length of Loan: 15 months
This builder specializes in finding and acquiring land, taking it through zoning and permitting, and then maximizing the value by building luxury single-family homes.
He was looking for a lender who offered great products, and who could close quickly. iFC offered him these things, along with competitive rates and terms.
Having encountered broken promises and delays in closing with previous lenders, choosing a lender who he could trust, and who communicated effectively with him, was of key importance to him.
The client appreciated that iFC’s communication was respectful and efficient, giving him the time and space he needed to put his documentation together and that working with iFC made for easy closing.
iFC was able to help this client with a New Construction loan, which allowed him to put his money into other projects. The client now considers iFC a part of his team and values our team’s view on his projects.
“You’re getting a good product and a great team!”