SFR Construction Completion Loan in Lakewood, NJ

Funded by i Fund Cities


Deal Details

Private Loan Type

Residential Ground-Up Construction

Approx. Funding Date


Property Type
Single Family Residence
Property City


Property State


Lien Type

1st Mortgage

Payment Type

Interest Only

Purchase Price


Loan-to-Purchase Price


Borrower's Contribution to Purchase


After-Repair Value


Construction Budget


Deal Highlights

Client wanted to start the next phase but his contractor could not begin without additional funds.
Client’s existing equity made it possible for us to be more creative on the loan structure.
Our loan officer explained Fund Cities’ straightforward and transparent loan process.

Deal Summary

This client came to i Fund Cities’ awesome Loan Officer Caitlin Davis through a lender broker. The client had done three renovation projects using only cash for his projects. He started out doing new construction for the project and was paying out of pocket. Although the client wanted to start the next phase, his contractor could not begin the next phase without additional funds. Caitlin took a lot of special one-on-one time with this Borrower and his team to explain i Fund Cities’ straightforward and transparent loan process. The Client’s existing equity in the project made it possible for us to be more creative on the loan structure, allowing us to get the client his funds as quickly as possible, so that he and his contractor could be off and running! Says Caitlin, “I made sure that the client understood exactly how this loan is structured and we closed the deal with ease, even sooner than the client expected!”. This SFR construction completion loan was funded in January 2022.

Key Loan Benefit to Borrower:

These clients were very thankful that they could complete their project through this private construction loan.

Customer Feedback:

“We wanted to say thank you. We are overwhelmed with working with you – how fast everything moved! We really want to thank you. And we are going to have many more such experiences with you. It was really fluent and really fast for new construction, so we are really happy with the service. The best was that everything took around 3 weeks from the day we started!”

Funded By

i Fund Cities

Great F#*%ing Loans, Built By Investors For Investors

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