All of our CASE STUDIES, like this Annapolis, MD new construction case study for a loan in the amount of $3.4M 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: Annapolis, MD
Loan Amount: $3.4M
iFC Loan Product: New Construction
Property Type: Townhomes
Loan Closing Date: 05/2024
ARV: $6M (8 Units @ $750,000 per unit)
Loan to cost: 82.5%
Exit Strategy: Build and Sell
Length of Loan: 12 months
CASE STUDY DETAILS: New Construction: Annapolis, MD: $3.4M
An existing borrower and friend of i Fund Cities Florida Loan Officer, Frank Di Giacomo, referred this Annapolis, MD, client to us for a new construction loan.
The borrower felt a lack of communication, relationship, and personal connection with their current lender. All interactions were limited to email, with no option for direct phone conversations, leaving them feeling disconnected.
They were looking for a new lending partner who could act as an extension of their team, offering a more collaborative and personalized experience.
HOW WE HELPED
From the outset, we built a strong rapport.
As we do with all our clients, we offered them not only better service through a personalized relationship, but we also gave them more competitive terms than their current lender.
We swiftly closed on eight new construction townhomes. We guided the client through every step of the process, ensuring they were fully educated about our approach, and that they felt confident that i Fund Cities was steering the project from start to finish.
In choosing i Fund Cities for their project funding, this client gained both a stellar lending partner and a friend.
CUSTOMER FEEDBACK
“Frank was attentive and put an emphasis on accessibility. We could call him at all hours of the day and even during family dinner!”
CAN WE HELP YOU FUND YOUR NEXT NEW CONSTRUCTION REAL ESTATE INVESTMENT?