All of our CASE STUDIES, like this Fix and Hold case study in Virginia, 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 Hold: Virginia
Location: Petersburg, VA
Loan Amount: $194,250
iFC Loan Product: Purchase – Fix and Hold
Property Type: Duplex
Loan Closing Date: 08/09/23
Purchase Price: $97,500
Construction Budget: $180,000
ARV: $285,000
Loan to value: 70% LTC
Exit Strategy: Hold
Length of Loan: 12 months
CASE STUDY DETAILS: Fix and Hold: Virginia
This Petersburg, Virginia borrower came to us through a broker. It was clear by our conversations with him that he had a good understanding of the value he was going to add to this property.
The client had limited cash to put into the property. To make this deal happen, he would need 100% construction financing. We were able to give him 85% LTC and 100% construction funding to purchase and fix the property.
i Fund Cities was able to help this client get his project going because we work with clients to understand the full picture of their investment strategy and needs. Then, we work hard to make our lending guidelines fit the ideal situation for the client and for the company.
VIRGINIA FIX AND HOLD CUSTOMER BENEFIT
The client saw how easy the process was and he knows that iFC is here for him as he continues to grow his portfolio. We are now seen as a partner that can provide quick and efficient capital.
“I will definitely reach out to you guys directly on up-and-coming deals,” he said.
Thank you for trusting us with your deal – we’re here for you!