FB Pixel

CASE STUDY: $336,490: Fix and Flip: Ambler, PA

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

Highlights 

Location: Ambler, PA 

Loan Amount: $336,490 

iFC Loan Product: Fix and Flip 

Property Type: Single Family Home 

Loan Closing Date: 6/2022 

 Purchase Price: $400,000 

Construction Budget: $80,700 

ARV: $575,000 

LTC: 70% 

Length of Loan: 12 months 

 

Overview 

This client was an iFC repeat customer (we love the relationships we have with our long-term investors)! 

This investor had been in contact with iFC for some time, looking for a deal that made sense for them to fund through us.  

This single-family home fix and flip deal was a great fit!  

The customer was looking to close quickly on the loan. Because we already had an established relationship with them, and we had all stayed in contact, our seriously-focused loan officer, Jack Pagliarini, was able to move the client quickly through the process, and ensure any hurdles along the way would be communicated and overcome. 

Having access to a lender who they already knew and trusted allowed for a short timeframe to closing. 

Key Loan Benefit to Borrower 

A key aspect of this loan is that we were able to close with the borrower under some unusual circumstances, including the rising rate environment.  

Customer Feedback 

Says the customer, “I appreciated the responsiveness and team effort behind getting the deal done, the communication from the team while overcoming hurdles, and the personal aspect of working with you guys. After a time when rates hiked up and we were told our rate would be increasing, iFC gave us the news, and was still able to close a deal when other lenders were shut down.” 

Recent Resources

CASE STUDY: $1.08M: New Construction Loan: McKinney, TX

iFC looked at the project but, just as importantly, we listened to the borrowers to understand their specific personal and project needs. By doing this, we were able to discover a deal structure that leveraged the best characteristics of each guarantor, providing more favorable terms and a quicker route to closing. This borrower gained from iFC’s ability to close on short notice when other lenders weren’t willing to follow through. 

Read More »
A OPT

CASE STUDY: $460K: SFR Bridge Loan: Madisonville, LA

Says the client, “I called and talked to Caitlin Davis on a Saturday after being recommended to i Fund Cities in an investor group I belong to. I explained my nightmare situation with my current lender/scam company, that I only had a week to close because I had it been pushed back twice already.  

 

Caitlin took the ball running, offering me a way out. She worked every single day, even during the weekend, and was on top of everything. I found my new go-to for all my investment lending needs!” 

Read More »
Gastonia, NC

CASE STUDY: $136K: New Construction: Gastonia, NC

We were able to take the borrower’s equity in the purchased lots that he owned free and clear and help him fund two new construction projects. He did this not only by using zero money out of his own pocket, but the client also walked away with CASH at CLOSING! 

Read More »

i Fund Cities