All of our CASE STUDIES, like this Dallas, TX, new construction case study with a loan amount of $1,156,467, 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: New Construction: Dallas, TX: $1,156,467
Location: Midway Hollow – Dallas, TX
Loan Amount: $1,156,467
iFC Loan Product: New Construction
Property Type: Single Family Home
Loan Closing Date: 10/12/2023
Purchase Price: $590,000
Construction Budget: $825,000
ARV: $1,995,000
Loan to cost: 85%
Exit Strategy: Sell
Length of Loan: 12 months
CASE STUDY DETAILS: New Construction: Dallas, TX: $1,156,467
This new construction borrower in Dallas, Texas, met Jack Pagliarini, our Texas director, at a local networking event in Dallas.
After a couple of successful years in the flipping and building business, the borrower was looking to continue scaling in the luxury new construction market in Dallas.
They were looking for a lender who could provide competitive leverage and terms to support them. The first deal they brought to iFC was a lot acquisition in the Midway Hollow neighborhood in Dallas. They needed a loan for both the acquisition and construction of the property. However, they did not have the time to wait for bank financing.
HOW WE HELPED
The i Fund Cities team funded 56% of the purchase and 100% of construction on this project in addition to closing in a timely manner.
The borrower had bigger plans than simply funding one build at a time. Since then, they have funded eight additional projects in Dallas with Jack and our local team.
The ability to execute at scale, time and time again, allowed this borrower to continue to hunt for deals knowing their capital was ready to support them.
This project was built and contracted all within eight months of closing!
CUSTOMER FEEDBACK:
“Thank you Jack and iFC!” said this borrower. You are most welcome – keep up the great work and we’ll see you soon!
CAN WE HELP YOU FUND YOUR NEXT NEW CONSTRUCTION REAL ESTATE INVESTMENT?