i FUND CITIES - Fast Multifamily Bridge Loans for Birmingham, Alabama, Real Estate Investors
i Fund Cities is an alternative, non-bank, private money lender providing fast, flexible, reliable, and investor-friendly financing to real estate investors in and around Birmingham, Alabama. If you are investing near Birmingham and you need investment funding for purchase only, new construction, rehab, cash-out or rate and term refinance, BRRRR, short-term rentals, build to rent, or otherwise, then give us a shout!
Multifamily Bridge Loan Rates as Low as 7.5% in Birmingham, Alabama
i Fund Cities’ Multifamily Bridge Loans get you fast, flexible, and reliable funds for your next Birmingham, Alabama real estate property investment!
What Makes Our Birmingham, Alabama, Multifamily Bridge Loans So Awesome?
Hey Birmingham, Alabama investors! Need a Kick A$$ Multifamily Bridge Loan?
Multifamily Bridge Loans in Birmingham, Alabama
What are i Fund Cities’ current Multifamily Bridge Loan rates in Birmingham, AL?
i Fund Cities offers Multifamily Bridge Loan rates as low as 7.5%.
Word of caution: do not believe the low rate marketing gimmicks you see out there in the lending world. Rates are always determined by the following criteria:
Real estate asset
Investor credit score
What length of loan term does i Fund Cities offer for Multifamily Bridge Loans in Birmingham, AL?
iFC offers Multifamily Bridge Loan terms of up to 24 months.
Do you lend on both a property purchase and the repairs for Multifamily Bridge Properties in Birmingham, AL?
Yes. We lend up to 80% of the purchase price of the asset, and 100% of construction costs in and around Birmingham, AL.
What property types does iFC offer Multifamily Bridge Loans for in Birmingham, AL?
We offer Multifamily Bridge Loans on the following property types:
Are there any exceptions to property types for your Multifamily Bridge Loans?
We do not fund properties in Birmingham, AL that are designated as “rural.”
Does iFC have a minimum credit score for Multifamily Bridge Loans in Birmingham, AL?
Yes. For Multifamily Bridge Loans, we require a minimum FICO score of 600.
Does iFC have minimum and maximum loan amounts for Multifamily Bridge Loans?
Our minimum loan amount in Birmingham, AL, is $50K per door, and our maximum loan amount is $50M.
What states does iFC lend in?
Can I borrow from iFC if I am from another country?
iFC can provide Multifamily Bridge Loans to both U.S. Citizens and Foreign Nationals.
What documents do you need from me for underwriting Multifamily Bridge Loans in Birmingham, AL?
For Multifamily Bridge Loans in Birmingham, AL, our underwriting process is less extensive than a traditional bank. We also 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
Do you do an appraisal for Multifamily Bridge Loans in Birmingham, AL?
Do I need a business entity to get an iFC Multifamily Bridge Loan in Birmingham, AL?
Is there a prepayment penalty?
Can I (or a friend or family member) live in my Multifamily property?
Multifamily Real Estate Market in Birmingham
Birmingham, AL, Average Home Prices for Multifamily Bridge Properties
Every real estate investor, especially Multifamily Bridge investors, will benefit from learning how to analyze local market conditions when looking to invest in property in Birmingham, AL. There are many things to consider when deciding whether Birmingham, AL, is a good market for Multifamily Bridge investments. Factors such as the city’s “Average Home Value,” “Homeownership Rate,” and “Median Household Income,” can help investors understand the metrics of buyers and renters in Birmingham. Multifamily Bridge investors can also check out Birmingham's “Average Home Remodeling Costs,” and “Median Monthly Housing Costs.” These metrics will help investors calculate the costs of fixing, flipping, and renting Birmingham properties. When it comes to selling, every investor wants to make more than they have spent, of course, so it’s helpful to know whether home prices are going up or down in Birmingham, as rising home prices can signal a stronger market for both selling and renting properties.
Be a Multifamily Pro in Birmingham: Free 85+ Item Construction Checklist
Average Days on Market (DOM) Data for Birmingham, AL, Multifamily Bridge
Birmingham, AL, Real Estate Inventory, Multifamily Bridge Properties
Key Growth Factors in the Birmingham Real Estate Market
Commercial: Birmingham businesses include diversified industries such as Health and Medical, Tourism and Hospitality, Technology, Manufacturing, and Professional Services.
Economy: The development of Birmingham’s top companies and industries will continue to be key drivers in the growth of the city’s real estate market.
Education: Graduates from local Birmingham schools, as well as those from nearby schools and universities, provide a foundation for the growth of the city’s businesses and industries.