Direct Lender for Residential & Multifamily Investors
IceCap Group is a direct private lending firm based in New York City. As the most competitive and aggressive private money lender in the market, IceCap carries a strong value play in speed, service, leverage and surety of close. Our goal is to take you through the most simple and easy process for the best experience on all your loans – Fix & Flips, Bridge Loans, Refinances, 30 Year Term Loans, we do it all. Here’s why property investors choose IceCap Group.
- Surety of close
- Speed of approvals and close
- Direct access to lending principals
- Construction funding availability
- Stream lined construction funding process
- Lender flexibility in deal structuring
- Lender understanding of rehabilitation process and expertise in local markets
- Competitive interest rates and fees
Please note: We do NOT offer loans for owner-occupied homes or specialty commercial properties.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Maximum Leverage
Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Property Types
- 2-4 Units Residential
- Condominium
- Mixed-Use
- Multifamily
- Portfolio of Residential Properties
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Long-Term Rental
- Residential Ground-Up Construction
Specialty Loan Types
- Condo Conversion
- Residential Long-Term Rental
Max Loan-to-Purchase Price
85%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
3Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
3Maximum After Repair Value
65%Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
3Max LTC for Ground-Up Construction Costs
100%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
noMinimum Loan Amount
$75,000Maximum Loan Amount
$10,000,000Minimum Interest Rate
7%Maximum Interest Rate
10.5%Minimum Origination Fee
1%Maximum Origination Fee
4%Minimum Loan Term
36 monthsMaximum Loan Term
360 monthsSeasoning Time
3 monthsMinimum Debt Service Coverage Ratio
1.19Will Lend on a Portfolio of Properties
YesMaximum Number of Properties
100Minimum Property Value
$125,000Maximum Property Value
$3,000,000Fees which are mandatory for all new borrower clients
- Deposit
- Underwriting Fee
- Legal Fee
- Appraisal Fee
- Title Fee
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IceCap is a division of the Oved Group family office with a long, successful history of investing in industry leaders.
While staying true to core values of integrity and respect, Oved Group has demonstrated their ability to successfully originate, negotiate, and realize investments in a variety of different industries.
IceCap Group, was launched as the base for the family’s Real Estate finance arm, to partner with the best real estate investors on their projects. As one of the largest Private Money Lenders in the Tri-State area, IceCap currently originates over 75+ deals per month.
With the relationships built between the company and their borrowing partners, IceCap Group continuously strives to advance their programs to ensure each investment to be successful.
Office Locations
31 W 34 Street, New York, New York 10001Our Team
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If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.
Our Minimum Loan Amount Is
$50,000
What We Do
- Residential and Multifamily Properties
- Bridge, Rehab, Rental, Construction
- Long-Term Rental Loans up to 30 years
- Up to 85% LTC for Flip Projects
Not Available
- NO Owner-Occupied Homes
- NO Land Loans
- NO Rural Locations
- NO CRE Except Multfamily & Mixed-Use