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
Nationwide EXCEPT CA, ID, MN, NV, OR, VT
Loan Amounts
$50,000 to $10,000,000
Interest Rates
7% to 12.5%
Loan Terms
12 months to 18 months
Origination Fees
1% to 4%
Lien Position
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 75%
Max LTP Multifamily: 75%
Purchase Long-Term
Max LTP Residential: 75%
Max LTP Multifamily: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 70%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 60%
Max LTV 1st Lien Multifamily: 65%
Refinance Long-Term
Max LTV Residential: 75%
Max LTV Multifamily: 75%
Residential Fix & Flip
Max LTP: 85%
Max LTC: 82.5%
Max LTARV: 65%
Residential Rehab & Hold
Max LTP: 85%
Max LTC: 82.5%
Max LTARV: 65%
Multifamily Value-Add
Max LTP: 75%
Max LTC: 75%
Max LTARV: 65%

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


Borrower Must Have Property Under Contract


Will Provide Proof of Funds Letter


Will Consider Lending on Purchase from Auction


Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property

Experience Required


Minimum Number of Value-Add Projects Completed by Borrower


Will Provide Funds for Renovation Costs


Max LTC for Renovation Costs


Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw


Maximum After Repair Value


Development Experience Required


Minimum Number of Ground-Up Construction Projects Completed by Borrower


Max LTC for Ground-Up Construction Costs


Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

Long-term loans are for residential (1-4 units) properties only. A minimum credit score of 680 is required.

Minimum Loan Amount


Maximum Loan Amount


Minimum Interest Rate


Maximum Interest Rate


Minimum Origination Fee


Maximum Origination Fee


Minimum Loan Term

36 months

Maximum Loan Term

360 months

Seasoning Time

3 months

Minimum Debt Service Coverage Ratio


Will Lend on a Portfolio of Properties


Maximum Number of Properties


Minimum Property Value


Maximum Property Value


Fees which are mandatory for all new borrower clients

  • Deposit
  • Underwriting Fee
  • Legal Fee
  • Appraisal Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)


Fastest Closing Time (Days)


Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty


long term 1-4 unit - 5,4,3,2,1 , long term 5 unit - 5,,5,5,5,5. short term 1-4 6 months minimum interest
Will lend to a foreign national


at -10% leverage deduction
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage


Will Consider Collateralizing Multiple Properties in One Loan


Will Consider Equity Joint Venture


Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Credit Check Required


Minimum Credit Score Required


Appraisal Required for Residential Property


Broker Price Opinion (BPO) Accepted for Residential Property


Contact IceCap Group

IceCap Group pays us to be listed, so there is no fee to connect with them directly.

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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.

Company Size (Number of Employees)


Year Established


Office Locations

31 W 34 Street, New York, New York 10001

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
  • Family Offices
  • Bank Credit Line
Alternative Capital Sources
  • Individual Investors
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Residential Property


Total Number of Loans Funded to Date


Total Loan Volume Funded to Date


Our Team

Joseph Oved

Chief Executive Officer

Ezra Dweck


Jack Oved

Managing Principal

Joseph Bekar

Vice President of Underwriting

Contact IceCap Group

IceCap Group pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

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Our Minimum Loan Amount Is


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

Send an email to IceCap Group