All of our CASE STUDIES, like this Charleston, SC, New Construction case study for a loan in the amount of $410,912, 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: Charleston, SC, $410,912
Location: Charleston, SC
Loan Amount: $410,912
iFC Loan Product: New Construction
Property Type: Single Family
Loan Closing Date: 10/11/24
Purchase Price: $77,500
Construction Budget: $388,740
ARV: $555,000
Loan to cost: 88%
Exit Strategy: Sell
Length of Loan: 12 months
CASE STUDY DETAILS: New Construction: Charleston, SC, $410,912
This investor does both fix and flips and new construction projects in Charleston, SC.
Local Loan Officer, Vincent DeMarco, had seen this investor’s projects on social media and reached out to them via Facebook.
He learned that the borrower was using cash for most of his fix and flips and a local bank for all of his new construction projects.
The borrower was looking to scale the business and do more new construction projects, but the banks were capping him on exposure.
HOW WE HELPED
i Fund Cities does not have the same restrictions on exposure that banks do, so we were able to help this investor grow and scale his business without those limitations.
The borrower now has a great relationship with a lender (us!) that is efficient and allows him to take his business to the next level.
CUSTOMER FEEDBACK
Vincent and Dan are the best! Easy to work with, persistent and they get the job done.