All of our CASE STUDIES, like this Westfield, NJ, new construction case study for a loan in the amount of $1,204,450, 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: New Construction: Westfield, NJ: $1,204,450
Location: Westfield, NJ
Loan Amount: $1,204,450
iFC Loan Product: New Construction
Property Type: SFH
Loan Closing Date: 05/25
Purchase Price: $842,000
Construction Budget: $575,000
ARV: $2,200,000
LTC: 85%
Exit Strategy: Sell
Length of Loan: 12 Months
CASE STUDY DETAILS
This investor is one of the foremost builders in Westfield, a New Jersey suburb, building over 50 homes a year.
The borrower’s current lender was capping them on exposure, and so they needed another reliable option.
HOW WE HELPED
We were able to verify this builder’s ample experience in their market, which allowed us to provide them with the additional capital they needed to continue to scale.
The client really appreciated iFC’s funding process as, rather than putting them into a standard borrower box, we created a personalized financing structure that fit their needs as a builder.
Since closing their first deal with us two months ago, the borrower is now sending us a majority of their deals.
CUSTOMER FEEDBACK
“iFC really delivered for us. We’ll be sending a bunch more business your way!”