All of our CASE STUDIES, like this China Grove, NC new construction case study for a loan in the amount of $836,000, 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: China Grove, NC
Loan Amount: $836,000
iFC Loan Product: New Construction
Property Type: SFH
Loan Closing Date: 05/15/25
Purchase Price: $180,000
Construction Budget: $808,000
ARV: $1,235,000
LTC: 85%
Exit Strategy: Sell
Length of Loan: 12 months
CASE STUDY DETAILS
iFC partnered with this real estate development group, created through the merger of two established developers in the Concord, NC, area. With a shared vision and long-term goals, they combined forces to scale their operations and take on larger projects together.
Before the merger, both developers had relied exclusively on traditional bank financing and had never explored alternative lending options.
The borrower secured funding for their first three lots, part of a China Grove, NC, subdivision, through a local bank. However, their lender capped their exposure. This meant they could not access funds needed for additional lots until the initial projects were completed.
This constraint slowed down their timeline and restricted their ability to grow. They were also experiencing longer timelines with draw requests through the bank. This made it difficult to maintain momentum and control holding costs.
HOW WE HELPED: NEW CONSTRUCTION
We helped this borrower by financing three lots that they were looking to build on, funding them within a week turnaround time.
With iFC’s no exposure cap, we also helped them secure financing for three additional lots, using the cash back they received at closing.
The borrowers are moving through their build with lightning-fast draws. They are also looking to secure the next three lots in the subdivision.
We are excited to see what this borrower is able to do in the near future. With a great product behind them and a phenomenal approach to the real estate market, there is no telling how large this developer will be able to scale!
CUSTOMER FEEDBACK
“Things have been very smooth with our draws. We appreciate you being able to facilitate the communication between us and the draws team.”
CAN WE HELP YOU FUND YOUR NEXT NEW CONSTRUCTION REAL ESTATE INVESTMENT?
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