CASE STUDY: New Construction: San Antonio, TX: $964,200 

Case Study image of single family home under construction in San Antonio, TX

All of our CASE STUDIES, like this San Antonio, TX, new construction case study in the amount of $964,200, 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: San Antonio, TX  

Loan Amount: $964,200  

iFC Loan Product: New Construction  

Property Type: Single Family Home  

Loan Closing Date:  04/22/2024  

Purchase Price: $200,000  

Construction Budget: $1,085,600  

ARV: $1,750,000  

Loan to cost: 75%  

Exit Strategy: Sell  

Length of Loan: 15 months  

CASE STUDY DETAILS

Our Texas director, Jack found this new construction borrower in San Antonio, TX, after noticing some of their builds on Zillow. He reached out to connect with them about our funding opportunities. 

The builder had executed on over 20 projects in San Antonio, in both the build to rent and the build to sell space.  

The borrower had previously managed large projects, but this was their largest single-family project to date. While most of their funding had previously come from friends and family, and private money, they needed to tap into a larger amount of capital to support them in this deal. 

HOW WE HELPED

iFC was able to approve this borrower for their first luxury build in their hometown market of San Antonio, when their private funds were limited. Additionally, we were able to offer the borrower a quick closing, which was important, as they had already begun construction on this property. 

By coming to i Fund Cities for their deal, the borrower gained a lender with reliable execution in getting the deal to the closing table, while giving them the flexibility of a 15-month term to build and sell this property. 

CUSTOMER FEEDBACK

“Thank you for getting us to the finish line!” said this happy San Antonio builder. 

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

LET’S GET IN TOUCH! 

 

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