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New Construction Loans

Providing developers, builders, and investors with a solid foundation forground-up construction projects.

Kick A$$ Real Estate Loans for Investors by Investors

No Preliminary Credit Check Baby!

New Construction Loans: Acquisition, Development, and Construction

From $75K to $5M | 1-15 Units | Single and Multifamily, Mixed-Use, Townhomes
6-to-24-monthterms.Up to 75% LTARV. Interest Rates as Low as 7.5%.

Faster than a bank. Cheaper than hard money.

Our New Construction Loans are for investors, builders, and developers who need lightning-fast, know-you’ve-got-it capital, to lock down deals in today’s hottest markets.

If you are looking for a solid, fast, flexible, and reliable construction lending partner who knows your business and has your back, we’re your team!

As New Construction lenders (and investors ourselves), we know how to get your deal the high leverage, rate flexibility, and creative structuring it takes to get your construction project funded and built.

Buy it and build it with fast approval, speed-to-close, higher leverage than a bank and hard money construction lenders, reliable funds, customized terms, moderate underwriting requirements.

  • Quicker loans = quicker deals = fewer deals lost
  • Greater leverage = less money out of pocket = more deals annually
  • Reliable funds = confidence at closing
  • No hidden fees = no surprises

WE ARE INVESTORS, JUST LIKE YOU. We have been buying and building real estate in the greater Philadelphia marketsince 2008. We built this lending platform for investors after our own personal lending experience.

  • Full-service capabilities from initial offer to sale of property
  • Creative structuring
  • Control costs and avoid bad investment property deals

As an iFCNew Construction Loan client, you can count on having a transparent, supportive relationship with ourteam as your Construction Lender partner.

  • We pick up the phone when you call
  • No upfront credit check for initial conversation and quote
  • You have increased confidence at every stage
  • You have experienced investors to lean on

The Bottom Line: You can sleep at night!

As investors ourselves, we can help you scale your New Construction real estate business for long-term success. We offer fast, reliable, flexible funding, and a New Construction lending team with a high level of investor experience that you are just not going to find anywhere else.

Construction Loans for real estate investors, builders, or developers seeking competitive financing for their projects.

New Construction Project
Refinancing

We Show Up And We Deliver!

GET A QUOTE FOR YOUR NEW CONSTRUCTION LOAN NOW!

Low rates. Flexible terms. Fast. Transparent. Reliable.

Just like you ... we’re hustle and grit, not suit and tie.

- i FUND CITIES

“Yo, iFC! I wanted to give you a shout out to say ‘thanks’ for all the hard work you have been doing lately. And certainly, for becoming a more important part of our business in the last couple of years. You are always so responsive. Any time I need something I know I can pick up the phone, or send a text or email, and I know you guys will respond. That means so much in our business. Thank you so much. Keep doing what you’re doing!”

– Matthew Shapson, President of Finance & Operations, PB+DC.
5/5

New Construction Loan Financing: FAQS

As Construction Lenders, i Fund Cities offers rates as low as 7.5%. (Word of caution: do not believe the marketing gimmicks you see out there in the lending world. Rates are always determined by the criteria below.)
  • Real estate asset
  • Investor experience
  • Investor credit score
  • Investor liquidity
iFC offers New Construction financing terms of 6 to 24 months.
Yes, as construction lenders, we lend 100% of the construction financing and up to 80% of the purchase price of the asset.

We offer New Construction financing on the following property types:

  • Single Family Residences (1-8)
  • Townhomes
  • Condos
  • Multifamily 5+
  • Commercial, Mixed-Use (must have 50% residential for us to lend)
We do not offer construction lender funding for properties designated as “rural.”

Yes. For New Construction financing, we require a minimum FICO score of 580 .

As construction lenders, our minimum loan amount is $75K, and our maximum loan amount is $5M.
We lend in all 50 states except for California, New York, and Nevada.
iFC can provide New Construction Loans to both U.S. Citizens and Foreign Nationals.
Our construction lender underwriting process is less extensive than a traditional bank, and we make it as transparent and straightforward as possible.
Documents needed:
  1. Contact info for Buyer (and Guarantors), and Title, and Insurance Companies
  2. Loan Application + Driver’s License
  3. Agreement of Sale or Deed
  4. Buyer’s Real Estate Experience/History
  5. Project/Entity Information
  6. Construction Budget
  7. 2-Month’s Bank Statements
  8. ACH Wire Transfer Info and W-9
Yes. We do an appraisal using LOCAL appraisers. (Using appraisers from large, national appraisal management companies can impact appraisal quality and slow down the loan process.)
Yes. You will need to have an LLC, a Limited Partnership, a General Partnership, aCorporation, or a Trust.
As the borrower, you are not able to live in the property. However, a family member can occupy your New Construction property.
Choosing the right capital partner for your real estate investment loans can be a game-changer (so choose wisely)! As investors ourselves, we know the game. We can help you learn it, fund it, and nail it.

- i FUND CITIES

Fill out the quick quote form for our loan officer to review and we will get in touch ASAP!

IF GAME-CHANGING SUCCESS IS YOUR GOAL, THEN GIVE US A SHOUT!

The iFC New Construction Loan Process

In competitive markets, where speed is everything, we can get you funds to close in as few as 7 days.
Fill out our deal form and get a quote in under two minutes. Once complete, someone on our team will follow up with a customized lending solution and terms for your New Construction Loan.
We then issue preliminary pricing for your review. If the price is right, and you wish to move forward with iFC, a formal term sheet will be digitally issued for your signature. Sign and we will kick things into high gear!
Paperwork sucks, but we are here to help you along the way. After we collect the agreement of sale, construction budget, title, and insurance contact information from you, we order your appraisal from a LOCAL company, (not a national appraisal management company, which can impact appraisal quality and delay your loan).
Provide us with supporting documents in a timely fashion (your real estate experience, driver’s license, entity information, and source of cash), and we will get you to closing in as little as 7 days.
We Are Real Estate Savvy, Entrepreneurial, Investors (Who Give a Damn About Your Success!)

We work relentlessly to make sure our customers’ lending experience is nothing shy of outstanding. Brought together by Philadelphia, a couple of beers, and a passion to do the impossible, the i Fund Cities team was formed.

Supportive of one another, the iFC team members are the type of people you want to be around—they inspire, motivate, and enjoy the company of their clients and partners.

Building strong relationships and impactful lending practices are the core values that drive the iFC team.

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