FB Pixel

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

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: New Albany, OH

Loan Amount: $271,600

iFC Loan Product: Rental Loan

­­­Property Type: Single Family Home

Loan Closing Date: 9/2/2022

Purchase Price: $388,000

Monthly Rental: $3,000

Loan to value: 70%

Length of Loan: 30 years

Overview

This client came to us through a Google search after her lender had significantly reduced her leverage by over 30% on the pending loan for her investment property. To make matters worse, this had happened within days of closing, and she could not get an extension on her contract.

iFC’s highly skilled loan officer, Caitlin Davis, rose to the challenge! She quickly put together an accurate loan quote for the borrower and worked tirelessly. Moving seamlessly through iFC’s straightforward loan process, she and the borrower were able to close the loan in just 10 days – right on time!

Customer Benefit
The borrower was incredibly grateful, and now knows they have a lender they can rely on for life.

Customer Feedback

“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.

Recent Resources

CASE STUDY: $700,209: Bridge, Cash-Out Refi: Sarasota, FL

The client received a new loan with an increased budget, along with reimbursement for the funds he already had invested into the project. He received all of this quickly and efficiently while having the confidence of working with a lender he knew could actually close. 

Read More »

CASE STUDY: $478,000: New Construction: Charlotte, NC

Due to our varied source of funding, which gives us reliable funds, even in choppy waters, iFC is continuing to fund projects, even when other lenders can’t. 

We LOVE the North Carolina market, and we are committed to continuing to lend to our customers! 

Read More »

i Fund Cities