Location: Dallas, Tx
Loan Amount: $762,043
iFC Loan Product: Bridge Refinance – Fix and Flip
Property Type: SFH
Loan Closing Date: 10/07/2022
Purchase Price: $566,500
Construction Budget: $315,021
Loan to Cost: 85%
Length of Loan: 12 months
This client was experiencing issues with their previous lender.
They were having problems with the loan timeline, draw schedules and the general handling of their loan.
The client needed to refinance out of their current construction loan in order to have more time to finish the project.
They came to us by way of a referral, in hopes we could help. Thanks to our Texas-based loan officer, Jack Pagliarini, we were able to get them into a loan to meet their needs.
The client was able to do a cash out refi out of a bridge loan for their awesome fix and flip project.