Location: Spring Hill, TN
Loan Amount: $992,500
iFC Loan Product: Bridge Purchase
Property Type: Single Family Residence on 7 acres with a barn
Loan Closing Date: 9/16/22
Purchase Price: $1,450,000
Loan to Cost: 65%
Length of Loan: 12 months
This client came to us by way of another lender, who was having a difficult time getting an appraisal order. The client was concerned that they would not be able to close the deal on time.
Through our connections, we were able to get an appraisal done in just a few days and close the loan in two weeks.
The borrower got to close on time without losing a great deal and $50k in earnest money.
Thanks for all the “quick” help!