Hey everyone! Our iFC CASE STUDIES give you real-life details about how other investors used our loan products to build their portfolios!
Location: McKinney, TX
Loan Amount: $1.08M
iFC Loan Product: New Construction
Property Type: Single-Family Residential
Loan Closing Date: 6/2022
Purchase Price (Land): $399,900
Construction Budget: $877,800
Length of Loan: 18 months
This Texas client has been building and renovating homes at an increasing pace. Their previous lenders either ran out of funding or were hesitant to fund their new construction projects. In one recent case, their lender even left them at the loan closing table!
When they called us, they were looking for a lender who didn’t shy away from deals, and who could be reliable throughout the process.
iFC’s dynamic new sales rep in Dallas, Jack Pagliarini, looked at the project but, just as importantly, he listened to the borrowers to understand their specific personal and project needs.
By doing this, he was able to discover a deal structure that leveraged the best characteristics of each guarantor, providing more favorable terms and a quicker route to closing.
Key Benefit for the Borrower
This borrower gained from iFC’s ability to close on short notice when other lenders weren’t willing to follow through.
What was the client’s experience in working with Jack and iFC?
“Customer service. Hands down, unequivocally, customer service. Responsiveness, attentiveness to all of the needs and full communication. No one can ever say i Fund Cities dropped the ball.
“With such a short timeline to close, if the borrower is not on it on their end, there was no way we could have gotten the deal done as fast as we did. It was pretty intense moving through the deal, but there was transparent, fast communication throughout the whole process.”