All of our CASE STUDIES, like this Charleston, SC new construction case study for a loan in the amount of $1,203,515, 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: Charleston, SC
Loan Amount: $1,203,515
iFC Loan Product: New Construction
Property Type: 6 Townhomes
Loan Closing Date: 02/28/25
Purchase Price: $227,000
Construction Budget: $1,150,900
ARV: $1,800,000
LTC: 85%
Exit Strategy: Sell
Length of Loan: 15 months
CASE STUDY DETAILS: NEW CONSTRUCTION: Charleston, SC
This repeat borrower has executed on a few single-family new construction projects with us. Because he continues to execute with iFC, we continue to get creative for him on his new projects.
The banks have been capping the borrower on exposure, so a big project like this was something his local bank could not commit to.
HOW WE HELPED
iFC understands this borrower’s business and has seen him deliver on projects over and over again. This allowed us to get very comfortable partnering up with him on a project of this scale.
iFC was able to pull some of the investor’s equity out of the land, reimburse for all soft costs spent to date, and fund 100% of the vertical construction budget.
CUSTOMER FEEDBACK
“It’s always a pleasure working with the iFC team. You’re consistently prompt, helpful, and thorough in your due diligence. I fully intend to continue our collaboration and refer the team to my business network.”