CASE STUDY: $960K 30-Yr Fixed (STR) Loan: Delray Beach, FL

Photo of Delray Beach, Fl home
Hey everyone! Our iFC CASE STUDIES give you real-life details about how other investors used our loan products to build their portfolios!


Location: Delray Beach, FL 

Loan Amount: $ 960,000 

iFC Loan Product: 30-Year Fixed Mortgage  

Property Type: Single Family Residential – Short Term Rental 

Loan Closing Date: 01/10/22 

Purchase Price: $ 1,300,000 

Estimated Monthly Rental Income: $6,000 

Construction Budget: $ n/a 

Loan to Value: 80%

Length of Loan: 30 Years 


This client is an experienced investor in the on-fire Delray Beach, Florida real estate market. He currently has more than a half dozen rental properties in the booming beach town that sits about halfway between West Palm Beach and Fort Lauderdale. 

The client came to i Fund Cities to fund a property in Delray Beach that he intended to use as a short-term rental. 

Although some lenders do loan on short-term rentals, the property type is considered more of a risk, and so lender loan criteria tends to be more stringent than a long-term single-family rental loan. 

In this case, the client was getting resistance from other lenders because the home had the furniture included in the deal. He needed a lender who would loan on a home that was a turnkey short-term rental. 

i Fund Cities offered the borrower 80% loan to-value on the appraised value of the property. 

Key Loan Benefit to Borrower: 

The client acquired a new investment property that will cash flow up to $6,000 a month in short-term rentals. 

Customer Feedback:  

Says Andrew, “This client told me he was ecstatic to get 80% leverage on his property with no lease (since he was doing short-term rentals) and he was very happy that we closed without changing the originally quoted terms!”   

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