All of our CASE STUDIES, like this El Paso, TX, $5,956,050 DSCR Rental Portfolio Loan for 30 single-family homes, 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: El Paso, TX: $5,956,050
Location: El Paso, TX
Loan Amount: $5,956,050
iFC Loan Product: DSCR Rental Loan
Property Type: SFH Portfolio
Loan Closing Date: 03/27/25
Exit Strategy: Holding as long-term rentals in their portfolio
Length of Loan: 30-Year Fixed
CASE STUDY DETAILS: DSCR Rental: El Paso, TX: $5,956,050
This repeat borrower is one of the largest homebuilders in El Paso, TX, and runs a handful of other successful businesses. The borrower had been referred to i Fund Cities from another local debt provider.
HOW WE HELPED
The borrower was looking to refinance some of their construction loans and some recently-built properties they owned free and clear.
They wanted to pay down bank lines of credit and access more cash to buy additional inventory lots to keep their homebuilding side of the business in motion.
We provided the borrower approximately $4.5M in proceeds, which freed up additional capital on their existing lines of credit. With fixed-rate debt and no prepayment penalties, the borrower can utilize their cash towards activities and investments that yield them higher returns than their cost of debt.
iFC’s flexibility on DSCR requirements and the ability to move quickly helped to get this 30-property portfolio to the finish line.
CUSTOMER FEEDBACK
“You guys are just so easy to work with and flexible to help us do what we’re looking to do.”