FB Pixel

CASE STUDY: $2.67M: Construction Bridge Loan: Philadelphia, PA

Ryan 622 3 OPT

 Hey everyone! Our iFC CASE STUDIES give you real-life details about how other investors used our loan products to build their portfolios!  


Location: Philadelphia, PA 

Loan Amount: $2,666,457

iFC Loan Product: Construction Bridge Loan 

Property Type: (4 Properties) Multifamily

Loan Closing Date:  03/03/22

Total Estimated ARV: $4M

Loan to Value:  Up to 82%

Length of Loan: 12 Months



The borrower of these iFC Bridge Construction Loans is a seasoned investor with 1200 active rentals and 100 new builds a year.  

The investor was in the middle of building four projects in Philadelphia, PA—three quadplexes and a six-unit multifamily building. The client had bought the land with cash and, similar to most large developers, was using working capital (cash) to fund soft costs and to get the project started in order to meet timelines for their investors.  

However, like many developers right now, they were running into issues with construction cost overruns due to supply chain shocks. This was forcing them to redo their construction budgets mid-project to assure they would have enough funds to complete their projects.  

iFC was able to support the developer mid-construction by inspecting the construction work completed to date and using a Construction Bridge Loan to refinance a large sum of the developer’s initial cash spent on the deal.  

This allowed the client to redeploy cash into new investments for future builds and update the current construction budgets to have adequate funds to complete proper buildout.  

Key Loan Benefit to Borrower:   

This Construction Bridge Loan is a great example of iFC’s ability to be creative and flexible in our funding for investors. It is a HUGE win for the developer. It allows them to keep the home manufacturing process going, in turn, supporting investor confidence, cash flow, and ultimately, the bottom line to the investment fund. 

In addition, a major benefit to the borrower is that this transaction took iFC a total of 14 days, inclusive of BPO’s and inspections, to close the loan, allowing the developer to move forward. This could have been a two-month process had the developer gone through the bank.  

Recent Resources

CASE STUDY: $271,600: 30-Yr Rental Loan: Albany, OH

Says our borrower, “I’ve had the best investment home purchase experience ever with I Fund Cities. The process was a breeze. The loan officer was very knowledgeable, and the lending criteria is very transparent from the first phone call. There were no surprises! We closed in 10 days. I will definitely do more business with iFC.

Read More »

CASE STUDY: $500,000: New Construction: Magnolia, TX

After meeting with iFC’s solution-oriented Jack Pagliarini, we were able to find a full, hands-on approach to structuring the loan in a way that had the borrower bringing less to closing. The solution also gave the investors the flexibility to participate in the loan origination process and to help find an answer that was personalized to their needs. 

Read More »

CASE STUDY: $674,900: Portfolio New Construction: Salisbury, NC

This builder client is now building five new construction houses, without bringing any money to closing. 
In addition, by giving this client an 18-month loan, he has ample time to finish the construction of these houses, which would not have been the case with another lender offering 12 months with the threat of an extension fee.   

Read More »

i Fund Cities