IFDC Capital Group offers investment property loans for residential fix & flip or rental properties like single family and multifamily homes, townhomes, condominiums, small apartment buildings and commercial real estate. We add value by providing a smart, fast and easy way to fund residential investment property loans. We can offer up to 90% of the purchase and up to 100% of renovation cost, we can move super-fast to close your loan, pre-approval in 48 hours and closing in 15 days.
Asset-Based Investment Property Loans
As a nationwide asset based private money lender, we have the ability to fund loans that traditional lenders and bank can’t. Our asset-based lending approach, we focus on the property’s value and revenue-generating potential instead of the borrower’s personal income. NO INCOME verification required for our asset based loans.
What Buildings Qualify for Investment Property Loans?
Investment property loans include non-owner occupied residential properties (1-4 family homes), townhomes, multifamily and condominiums buildings, mixed-use buildings, and commercial properties. If a borrower purchases a property with the intention of earning a return on the investment, either through rent collected from tenants, the future resale of the property or to operate a business entity, it qualifies as an investment property. Primary residence will not qualify as investment property.
We offer investment property loans to meet your needs, including:
- Long Term Loan: Customizable for each investor, Flex Long Term combines lower payments on a fixed-rate loan up to 30 years, with an option for interest-only payments for up to 10 years.
- Short Terms Loan: Assets based loans, up to 90% of the purchase and 100% of the renovation cost, up to 75% of ARV. No Tax Returns, No Income Verification, Not Credit Sensitive, Pre-Approval in 24-48 Hours. Closing in 15-21 days.
- Loan amount up to $15 million for single family, multifamily, condominiums, townhomes and small apartment buildings, up to $50 million for rental portfolio and commercial project. Up to $100 million or more for large CRE loans (full docs).
Owner occupied (51% or more) commercial and residential investment properties can be funded by SBA 7(a) and SBA 504 loans.
SHORT TERM BRIDGE LOANS
A short-term solution for improving property value and maximizing rental appeal.
IFDC’s short term bridge loan designed for real estate investors and developers seeking a short-term, interest-only loan to maximize appreciation, stabilize cash flow, and minimize vacancies.
Key Features
- Allows borrowers to finance improvements based on the property’s “as repaired value.”
- LTV up to 90% for purchase, up to 100% for renovation, up to max 75% ARV (1-4 family, multifamily, condos, townhomes). LTV up to 70% for commercial real estate.
- Loan Amount up to $15 million
- No Tax Returns, No Income Verification required
- Credit Score 620
- Great for borrowers who need a hassle-free, easy and quick close.
- An interest-only, 1-year term to lower monthly payments.
- A higher LTV than hard money lenders.
Property Types
- 1-4 Family, 5+ Units Multifamily, Condos, Townhomes
- Commercial Real Estate
MULTIFAMILY SHORT TERM LOAN
PROPERTY TYPES:
Residential (5+ Units Multifamily, Condos)
LOAN AMOUNT
$250,000 – $15,000,000 (Larger amount can be considered under Full Docs loan)
LOAN TYPES
Interest Only | Fixed/Adjustable Rate Mortgage Options
MAXIMUM LOAN TO COST
■ Purchase Loans: Up to 90% of Purchase/As-is Value + 100% of Rehab Costs
■ Refinance Cash-Out Loans: 70% of As-is Value + 100% of Rehab Costs. Up to 75% of appraise value and 100% of renovation cost.
MAXIMUM LOAN TO STABILIZED VALUE
■ Purchase/Rate-Term Refinance: Up to 75%
■ Cash-out Refinance: 65%-70%
TERM LENGTH
Up to 24 months + Two 6-month Extensions
RECOURSE
■ Loans ≤ $2MM: No Recourse
■ Loans $2M-$5M: Full Recourse or
■ Limited Recourse with bad-boy carve outs
■ Completion Guaranty/Reserve Replenishment Guaranty when applicable
MINIMUM GUARANTOR FICO
Mid-Score of 650
LONG TERMS RENTAL PORTFOLIO LOAN
PROPERTY TYPES
■ Single Family/2-4 Unit/Townhomes/PUD/Warrantable Condos
■ 5-8 Unit Multifamily and Eligible Mixed Use Properties
LOAN AMOUNT
$250,000 – $50,000,000
LOAN TYPES
■ 30-Year Fixed Rate Mortgage (Fully Amortizing)
■ 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
MAXIMUM LOAN TO COST
If Owned < 3 months, 80% of Total Cost Basis
If Owned between 3 and 6 months, additional 5% haircut on Max Eligible LTV
MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO)
■ Purchase: Up to 80%
■ Cash-out Refinance: Up to 75%
MINIMUM DEBT SERVICE COVERAGE RATIO (NET CASH FLOW/DEBT SERVICE)
■ For portfolios with ≤ $2MM AND ≤ 10 properties: 1.10x (Gross Rent/PITIA)
■ For all other portfolios: 1.20x (Net Cash Flow/Debt Service)
TERM LENGTH
5, 10 & 30 Years
RECOURSE
Non Recourse up to $2 million loan with “bad-boy” carve outs and Pledge of Equity of Borrowing Entity
MINIMUM GUARANTOR FICO
■ For portfolios with ≤ $2MM AND ≤ 10 properties: Mid-Score of 650
■ For all other portfolios: Mid-Score of 680
LEASE REQUIREMENTS FOR RENTAL PROPERTIES
Minimum Occupancy Rate of 90% by Unit Count
■ Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
■ Unleased Units: 90% of Market Rent (Purchase Loans only)