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: Richmond, Virginia
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 Richmond, Virginia 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 Richmond a solid investment destination.
Richmond 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.
Richmond 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.
Richmond Economic Foundation
What are Richmond’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 Richmond’s Economy, Tourism and Sports, and Higher Education facilities.
Economy: Richmond, the capital of Virginia, boasts hundreds of years of history of America.
Its industries include creativity-centered industries such as advertising (The Martin Agency, Big River Advertising), architecture and engineering (Baskervill & Son, Moseley Architects), legal services (Hunton & Williams, McGuireWoods) and the motion picture and production industry (In Your Ear to Dreams Factory, Meade Management Corporation).
In addition, the city has advanced manufacturing of chemicals and plastics (NewMarket Corporation, Dupont), packaging and paper products (WestRock, International Paper Company), fabricated metal (Liphart Steel Company, Argus Steel Producers), and beverage and tobacco (Philip Morris USA and Bleu Water Company).
Financial services, insurance and real estate are also major industries with companies like SunTrust Mortgage, Berkley Mid Atlantic Group, Assurance Services, Inc., Apple REIT, Trammell Crow Services and Colliers International.
Health and Life Sciences also play a major role in the city’s economy (Kaleo Pharma, United Network for Organ Sharing, Virginia IVF Andrology Center, Virginia BioTechnology Research Park, Bon Secours Health System, and the McGuire Veterans Affairs Medical Center), and Pfizer.
Finally the city also has green-focused companies like Dominion Power and Mosely Architects and Dove Architects.
Tourism/Sports: Tourist destinations in Richmond include the Virginia Museum of Fine Arts, the Poe Museum, the Science Museum of Virginia, the Maymont victorian estate and gardens, the Virginia Holocaust Museum, the Virginia Science Museum, Hollywood Cemetery, and the Virginia Museum of History and Culture.
Education: The University of Richmond, Virginia Commonwealth University, and Virginia Union University are among the higher education options in Richmond.
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