CASE STUDY: New Construction: Dallas, TX: $388,552 

CASE STUDY: New Construction: Dallas: $388,552

All of our CASE STUDIES, like this Dallas, TX, new construction case study for $388,552, 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: Dallas, TX 

Loan Amount: $388,552  

iFC Loan Product: New Construction  

Property Type: Attached SFH (2)  

Loan Closing Date:  04/11/24  

Purchase Price: $95,000  

Construction Budget: $375,234  

ARV: $888,000  

Loan to cost: 85%  

Exit Strategy: Sell  

Length of Loan: 12 months  

CASE STUDY DETAILS

This new construction builder in Dallas, Texas, is a repeat borrower who’s had over 20 deals funded by iFC. They have a superb track record in Dallas and have executed over 100 projects in multiple submarkets of the city, primarily in 1 to 4-unit new construction. 

The borrower had a lot under contract to build a duplex. They needed to close within 4 weeks of their contracted date on both the acquisition and construction loan. 

HOW WE HELPED

Some lenders will not fund projects without permits in hand. However, the iFC team worked with these borrowers to get proof of all zoning and building approvals ahead of closing. This made us comfortable knowing that the borrower would be able to get permits within 2 weeks of closing and would be able to break ground shortly thereafter, without compromising their project timeline. 

With i Fund Cities, this borrower was able to secure funding for 100% of construction and a portion of the acquisition of the property in a single closing, avoiding closing costs from having to close both an acquisition loan and a construction loan. 

CUSTOMER FEEDBACK

“Thank you guys for all the help!” said this borrower. You’re welcome. Keep crushing it and we will see you soon!

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

LET’S GET IN TOUCH! 

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