All of our CASE STUDIES, like this Salt Lake City, UT fix and flip case study for a loan in the amount of $509,000, 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
Location: Salt Lake City, UT
Loan Amount: $509,000
iFC Loan Product: Fix and Flip
Property Type: SFH
Loan Closing Date: 03/28/25
Purchase Price: $540,000
Construction Budget: $65,525
ARV: $679,000
Loan to cost: 84%
Exit Strategy: Sell
Length of Loan: 12 months
CASE STUDY DETAILS: FIX AND FLIP: Salt Lake City, UT: $509,000
This fix and flip investor came to i Fund Cities after his previous lender changed the agreed-upon loan terms a few days before closing.
Frustrated and under pressure, the borrower came to i Fund Cities after hearing great things about us through his personal network.
The last-minute change created an urgent situation — the borrower needed to close the loan fast to stay on track.
HOW WE HELPED
We helped the client gather all of his required documents as quickly as possible. At the same time, we worked closely with our underwriting team to address issues as they arose to ensure an expedited process.
Thanks to the efforts of the borrower and our team working together, we closed the loan in just FIVE business days.