Fast, Flexible, Reliable, No B.S. Loans, by Investors for Investors
Our Kick-A$$ Fix and Flip loans are fast, creative, lending solutions targeted to the challenges of investors who are property flipping. (We understand what you are looking for in a fix and flip lender because we’re investors, too, with plenty of real estate flipping experience!)
Forget the cash flip! Compared to other lenders and fix and flip companies, our loans give house flipping investors high leverage, quick-to-close, straight-forward investment property financing … with no surprises.
Lenders suck! We know! That’s why we are all about making your lender experience with us suck a lot less. Our Fix to Rent loan funds your entire project from purchase, to rehab, to rental. This means a faster turnaround on your money, less paperwork, one lender, and a lot less hassle on your way to handing over the keys to your first renter!
"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…iFC was still able to close a deal when other lenders were shut down."
—iFC Borrower: Fix and Flip Loan: Single-Family Home: Ambler, PA
Local Market Factors: Pittsburgh, Pennsylvania
Are you looking for a solid real estate investment opportunity?
Understanding a city’s growth trends, housing market, and economic foundation can help an investor determine whether or not Pittsburgh, Pennsylvania is a valuable location for investing in residential real estate. A healthy economy, filled with thousands of potential renters, coupled with appreciating properties, can make cities like Pittsburgh a solid investment destination.
Pittsburgh Growth Trends
The U.S. Census Bureau is a great place to start. You can search by city to find annual statistics on Population, Total Housing Units, Owner-Occupied Housing Unit Rate, Median Gross Rent, Building Permits, Education, Economy, and Businesses, Employment, and more.
Pittsburgh Housing Market
The real estate website Redfin offers statistics on housing market trends in the U.S. searchable by city, including Median Sale Price, Number of Homes Sold, Median Days on the Market, and Sale-to List Price population. The website also has up-to-date information on Migration Trends, along with the Latest News and Housing Market Predictions.
Pittsburgh Economic Foundation
What are Pittsburgh’s major industries? Does the city have a variety of businesses that can provide jobs in any economy? Who are its top employers? Does it attract tourism and have entertainment draws like sports teams? Does it have universities and schools whose graduates can feed the economic growth of the city?
Here’s a snapshot of Pittsburgh’s Economy, Tourism and Sports, and Higher Education facilities.
Economy: Pittsburgh has a few nicknames, including “The Steel City” and “City of Bridges” (did you know the city has nearly 450 bridges?). The city sits at the junction of three rivers in western Pennsylvania.
The city has a strong history of industrial and manufacturing, and although U.S. Steel still sits as one of the city’s major industries, the city’s healthcare industry today outranks steel in the city's list of major employers, which includes UPMC Presbyterian Shadyside, the University of Pittsburgh, PNC Financial Services, Giant Eagle, and Carnegie Mellon University. Walmart, Amazon, and Dick’s Sporting Goods are also high up on the list of the city’s major employers.
Tourism/Sports: Top rated tourist attractions in Pittsburgh include Phipps Conservatory and Botanical Gardens, the Andy Warhol Museum, the Carnegie Museum of Natural History, and Mount Washington.
The city is big-time proud of its winning sports teams: The Pittsburgh Steelers (NFL), Pittsburgh Penguins (NHL), and Pittsburgh Pirates (MLB).
Education: Pittsburgh rounds out its reputation as a U.S. powerhouse with major universities including the University of Pittsburgh and Carnegie Mellon University.
Don’t forget that i Fund Cities’ Fix and Flip, Fix to Rent, New Construction, New Construction, Rental, Multifamily and Bridge financing products can help you enter a thriving market and close quickly with reliable funds!
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.)
*We also have the ability for seasoned investors (7+ deals completed) to use software on your cell phone that allows your superintendent to take pictures, rather than doing a full inspection.
**We also offer desktop appraisals for fix & flip loans. We need interior photos and a budget for this style appraisal.
“Our success comes from showing our investors that we know their business, we care about their success, and we have their back.”—Ryan Herting, iFC Co-founder
If game-changing success is your goal,
then give us a shout!
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.
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 have been buying and building real estate in the Greater Philadelphia market since 2008. We built this lending platform for investors after our own personal lending experience, to disrupt the way traditional lending is done for investors. The iFC Team works relentlessly to make sure our customers’ experience is nothing shy of outstanding. Supportive of one another, and of our borrowers, iFC Team members are the type of people you want to be around—we inspire and motivate. Our intention is to create successful, long-term, transparent relationships with our partners and clients. Learn More