CASE STUDY: Fix and Flip: Tennessee: $184,500

CASE STUDY: Fix and Flip: Tennessee: Lakeland, TN: $184,500 exterior photo
CASE STUDY: Fix and Flip: Tennessee: Lakeland: $184,500 interior photo

Hey everyone! All of our CASE STUDIES, like this Fix and Flip case study in Lakeland, Tennessee, 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: Fix and Flip: Tennessee

Location: Lakeland TN 

Loan Amount: $184,500 

iFC Loan Product: Fix and Flip: Bridge with Renovation 

Property Type: Single Family Residential 

Loan Closing Date:  3/23/23 

Purchase Price: $207,500 

Construction Budget: $32,116 

ARV: $298,000 

Loan to value: 80% LTC

Exit Strategy: Sell 

Length of Loan: 6 months 

CASE STUDY DETAILS: Fix and Flip: Tennessee

These real estate investor clients in Lakeland, Tennessee, found us through our Google page (where we have lots of great reviews, btw)! 

These investors were in a tough spot—the lender they had been working with had dropped the ball. They now had just five days to close their deal.

Not only did we meet their deadline with a real estate bridge loan, we were able to close with a day to spare. How? We shaved off a lot of time by using something called a desktop appraisal. This is a type of appraisal where the value of the property is gained by using existing tax records and MLS listing information, rather than having an appraiser actually visit the property in person.  

The Customer Benefit: Tennessee Bridge Loan with Renovation

By coming to us, the client not only saved their deposit, but they found a reliable lender for all of their future real estate investment loan deals.  

Said the client, “We will definitely be using you guys on anything going forward. Thank you for getting this done!” 

It was our pleasure – see you again soon! Let us know how we can help you!

Are You Looking for a Bridge Loan?

Get in Touch!

Leave a Reply

Your email address will not be published. Required fields are marked *