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CASE STUDY: $992,500 : Bridge Purchase Loan: Spring Hill TN

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: Spring Hill, TN 

Loan Amount: $992,500 

iFC Loan Product: Bridge Purchase 

Property Type: Single family residence on 7 acres, with a barn 

Loan Closing Date: 9/16/22 

Purchase Price: $1,450,000 

ARV: $1,450,000 

Loan to Cost: 65% 

Length of Loan: 12 months 

Overview  

This client came to us through another lender, who was having a difficult time getting an appraisal order completed.

The client was concerned that they could not close the deal on time. 

Through our connections, we were able to get an appraisal done in just a few days and close the loan in two weeks.  

Customer Benefit
The borrower got to close on time without losing a great deal and $50k in earnest money. 

CUSTOMER FEEDBACK 

Thanks for all the “quick” help! 

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