CASE STUDY: Bridge Loan: Orlando, FL: $6.8M 

CASE STUDY: Bridge Loan: Orlando, FL: $6.8M

All of our CASE STUDIES, like this Orlando, FL, bridge loan case study in the amount of $6.8M, showcase the real estate investment loans we have done for our clients. They 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! 

CASE STUDY OVERVIEW 

Location: Orlando, FL 

Loan Amount: $6.8M 

iFC Loan Product: Bridge Loan 

Property Type: 124 Unit Townhome Development 

Loan Closing Date:  04/22/2024 

Exit Strategy: Build and Sell 

Length of Loan: 12 months  

CASE STUDY DETAILS

This bridge loan borrower in Orlando, FL, is a foreign national who we met through a referral partner. 

The clients, originating from Brazil, faced limited funding options in the United States. They acquired an excellent site just four miles from Universal Studios and Disney in 2011. Their ambitious plan was to construct 124 townhomes, all presold to investors, to be used as Airbnb rentals for park visitors.

They successfully built the first 30 units with cash and were preparing to finalize these sales with investors. However, they encountered a sewer issue, which necessitated bridge financing to resolve the problem and to complete the 30 transactions. 

HOW WE HELPED

The borrowers initially planned to fund the entire project with cash, as they were unfamiliar with the lending environment outside their home country. In fact, until they were introduced to iFC, they were unaware they could secure funding in the United States.

Their extensive building experience, significant equity in the project, and the prime location gave us confidence in the deal. iFC’s flexible capital and objective analysis allowed us to quickly close the bridge loan needed to resolve the sewer issue.

Throughout this process, we developed a strong relationship with the borrowers, earning their trust. As a result, they chose iFC to finance the construction of the remaining 94 units. 

Partnering with iFC will allow this borrower to preserve their cash reserves and pursue additional opportunities. 

CAN WE HELP YOU FUND YOUR NEXT NEW CONSTRUCTION REAL ESTATE INVESTMENT? 

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