Multifamily Bridge Loans in Wilmington, NC
i FUND CITIES - Fast Multifamily Bridge Loans for Wilmington, North Carolina, 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 Charlotte, Durham, Raleigh, Wilmington, North Carolina. If you are investing near Wilmington 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 Wilmington, North Carolina
i Fund Cities’ Multifamily Bridge Loans get you fast, flexible, and reliable funds for your next Wilmington, North Carolina real estate property investment!
- Fast, flexible loans with a simple, transparent lending process
- Close in as little as 7 days
What Makes Our Wilmington, North Carolina, Multifamily Bridge Loans So Awesome?
- Up to 80% LTV on purchase only
- Up to 90% LTC on purchase and renovation
- Terms 6 to 24 months
- Loans up to $15 million
- As Multifamily investors ourselves, we’ve got your back!
Hey Wilmington, North Carolina investors! Need a Kick A$$ Multifamily Bridge Loan?
Multifamily Bridge Loans in Wilmington, North Carolina
What are i Fund Cities’ current Multifamily Bridge Loan rates in Wilmington, NC?
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 experience
Investor credit score
Investor liquidity
What length of loan term does i Fund Cities offer for Multifamily Bridge Loans in Wilmington, NC?
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 Wilmington, NC?
Yes. We lend up to 80% of the purchase price of the asset, and 100% of construction costs in and around Wilmington, NC.
What property types does iFC offer Multifamily Bridge Loans for in Wilmington, NC?
We offer Multifamily Bridge Loans on the following property types:
Multifamily Residential,
Townhomes
Condos
Short-Term Rentals
Are there any exceptions to property types for your Multifamily Bridge Loans?
We do not fund properties in Wilmington, NC that are designated as “rural.”
Does iFC have a minimum credit score for Multifamily Bridge Loans in Wilmington, NC?
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 Wilmington, NC, 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 Wilmington, NC?
For Multifamily Bridge Loans in Wilmington, NC, 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 Wilmington, NC?
Do I need a business entity to get an iFC Multifamily Bridge Loan in Wilmington, NC?
Is there a prepayment penalty?
Can I (or a friend or family member) live in my Multifamily property?
Multifamily Real Estate Market in Wilmington
Wilmington, NC, 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 Wilmington, NC. There are many things to consider when deciding whether Wilmington, NC, 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 Wilmington. Multifamily Bridge investors can also check out Wilmington's “Average Home Remodeling Costs,” and “Median Monthly Housing Costs.” These metrics will help investors calculate the costs of fixing, flipping, and renting Wilmington 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 Wilmington, as rising home prices can signal a stronger market for both selling and renting properties.
Be a Multifamily Pro in Wilmington: Free 85+ Item Construction Checklist
- A pro construction checklist with 85+ items to inspect your Multifamily project
- Checklist for interior, exterior, quick, and cosmetic fixes
- Created by some of the top professionals in the business
- For both experienced and newbie Multifamily investors
Average Days on Market (DOM) Data for Wilmington, NC, Multifamily Bridge
Wilmington, NC, Real Estate Inventory, Multifamily Bridge Properties
Key Growth Factors in the Wilmington Real Estate Market
Commercial: Wilmington businesses include diversified industries such as Health and Medical, Tourism and Hospitality, Technology, Manufacturing, and Professional Services.
Economy: The development of Wilmington’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 Wilmington schools, as well as those from nearby schools and universities, provide a foundation for the growth of the city’s businesses and industries.
