Kick-A$$, Fast, Customizable, High Leverage, Transparent
As experienced investors, we relate with investors’ construction loan approval challenges on an entirely different level than most lenders. That’s why our New Build Construction loans are lightening fast. We structure them with high leverage and creative capital stacks to help your company grow quickly and efficiently.
The Build to Rent investment loan dials in your New Construction (no remodeling) and long-term Rental funding at the same time. This streamlined loan skips a secondary lending process, which gets you onto your next development project more quickly. In your business, where time = money for good investments, this Build to Rent investment loan is truly Kick-A$$!
When it comes to New Construction loans for building homes, whether built to sell or built to rent, our construction loan interest rates are always competitive, with creative terms and fast closings!
"i Fund Cities gets so flexible on a deal-by-deal structure. iFC has such an interesting capital stack that, if you really understand it, it can be as competitive as any platform in the market."
—iFC Borrower, Acquisition, Bridge and New Construction: Luxury SFH and Townhome Development Projects: Delray Beach, FL.
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.
“This was the fastest we have ever closed a new construction loan!"— iFC Borrower: 2 Single Family Homes, New Home Construction: Charlotte, NC.
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