All of our CASE STUDIES, like this Bernardsville, NJ, DSCR Rental Loan case study for a loan in the amount of $460,000, 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: DSCR Rental: Bernardsville, NJ: $460,000
Location: Bernardsville, NJ
Loan Amount: $460,000
iFC Loan Product: Rental Loan
Property Type: Duplex
Loan Closing Date: 10/23/24
Purchase Price: $623,000
Monthly Rental: $5,500
ARV: $623,000
Loan to Value: 80%
Exit Strategy: Hold
Length of Loan: 30 Years
CASE STUDY DETAILS: DSCR Rental: Bernardsville, NJ: $460,000
This rental loan borrower in Bernardsville, NJ, came to us after seeing the great online reviews written by our previous clients.
HOW WE HELPED
The client could not finance the property through a bank for several reasons.
First, the bank was not offering them the leverage that they needed.
Second, and of great urgency, they had to close in three weeks, as they had put a $50,000 deposit down on the property. If they did not close by the contract date, they would have lost their deposit!
We were able to lend the borrower 80% of the property purchase price and meet their closing deadline.
CUSTOMER FEEDBACK
“I definitely will be back to do more business with you guys. We appreciate all of the hard work your team put in. This was a way different experience than dealing with the banks we normally use. And I mean that in the best way possible. Great work.”
CAN WE HELP YOU FUND YOUR NEXT DSCR RENTAL REAL ESTATE INVESTMENT?
LET’S GET IN TOUCH!