No Preliminary Credit Check Baby!
Nationwide | Loan Amount Up to $15M
Up to 85% LTC (PURCHASE AND RENOVATION). Up to 90% LTV (Purchase only).
Rates AS LOW AS 8.5%. 6 to 24 MontHS
Serious investors need committed lending partners with serious capital to help them scale their portfolios. As investors ourselves, we understand the need for quick action, reliable capital, and flexible loan structuring when closing deals.
Our Multifamily Bridge financing is for investors who are looking to buy, build, rehab, reposition (and, when eligible, refinance) multifamily, commercial, or mixed-use properties of 5 or more units.
Buy, build, rehab, and reposition with fast approval, speed-to-close, higher leverage than a bank and hard money lenders, reliable funds, customized terms, moderate underwriting requirements.
WE ARE INVESTORS, JUST LIKE YOU. We have been buying and building real estate in the greater Philadelphia marketsince 2008. We built this lending platform for investors after our own personal lending experience.
As an iFC client, you can count on having a transparent, supportive relationship with our team as your financing and project partner.
We fund our Multifamily Bridge Loans nationally with interest rates as low as 8.5%.
i Fund Cities offers Multifamily Bridge Loan rates as low as 8.5%.
Word of caution: do not believe the marketing gimmicks you see out there in the lending world. Rates are always determined by the criteria below.
We offer Multifamily Bridge Loans on the following property types:
Yes. We require a minimum FICO score of 600 for Multifamily Bridge Loans.
Our minimum loan amount for Multifamily Bridge Loans is $50K per door, and our maximum loan amount is $15M.
For Multifamily, Commercial, and Mixed-Use Bridge lending, our underwriting process is less extensive than a traditional bank, and we make it as transparent and straightforward as possible.
Documents needed:
Yes. You will need to have an LLC, a Limited Partnership, a General Partnership, a Corporation, or a Trust.
As the Multifamily Bridge Loan borrower, you are not able to live in the property. However, a family member can occupy your Multifamily property.
If the borrower owns the property for longer than six months, we can use the current appraisal value. If the property is owned for less than six months, we use the purchase price of the property. Seasoning can be shortened to four months if renovations are performed on the subject property.
We work relentlessly to make sure our customers’ lending experience is nothing shy of outstanding. Brought together by Philadelphia, a couple of beers, and a passion to do the impossible, the i Fund Cities team was formed.
Supportive of one another, the iFC team members are the type of people you want to be around—they inspire, motivate, and enjoy the company of their clients and partners.
Building strong relationships and impactful lending practices are the core values that drive the iFC team.
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