An intro statement about IFC
We disrupted the loan industry in 2018 by delivering investor-focused loans that are fast, flexible, and free from the murky, impersonal, bureaucratic process of traditional lending.
Our entire team stands shoulder-to-shoulder (and shovel-to-shovel) with our investors as a full-service, committed, and expert lending partner. Through the boom times and global pandemics, we help you get your competitive need-the-funds-yesterday deals under contract, regroup when you have project cost overruns no one could have predicted, and overcome last-minute changes on the way to closing. In short, we’ve got your back.
We get the market, we get investing, and we get what you need to scale your investment portfolio quickly, efficiently, and exponentially.
i Fund Cities manages draws through a dedicated draws team, and it offers two inspection paths. Experienced borrowers can use Truepic, a virtual option where the borrower or site superintendent submits real-time photos through an app link, which runs about two days faster than a physical visit. The alternative is a standard third-party, on-site inspection. Either way, a $250 draw fee applies, deducted from the disbursed funds. To start, the borrower emails a master draw schedule to the draws team. Funds reach the borrower within three to five days of the draw request, and i Fund Cities says it has funded draws as quickly as the next day. Unused funds can be reallocated across the schedule. The Truepic virtual-inspection option fits Lenderly’s focus on fast, remote-friendly draw management, and it is the faster of the two paths for qualifying investors.
i Fund Cities, LLC is a Philadelphia-based private lender, built by investors for investors, offering fix and flip and new construction loans, plus DSCR rental, multifamily, and land loans, across 47 states (all except California, New York, and Nevada).
• Fix and flip: up to 93% LTC or up to 75% LTARV, with up to 90% of the purchase price and 100% rehab financing.
• New construction: up to 90% LTC or up to 75% LTARV, with 100% construction financing and up to 70% of land value.
• DSCR rental, multifamily, and land loans round out the platform, for business and investment purposes only.
i Fund Cities, LLC is a private lender headquartered in Philadelphia, Pennsylvania, describing itself as built by investors for investors. It offers fix and flip, new construction, DSCR rental, multifamily, and land loans, lending across 47 states, all except California, New York, and Nevada. Its loans are for business and investment purposes only, and it operates under NMLS ID 2383700.
