Ground-Up Construction Loan for SFR in Washington, Utah

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


Loan Term (months)


Lien Type


Payment Type

Interest Only

Purchase Price


Construction Budget


Construction Budget Funded


Builder's Contribution to Budget


Completed Value


Loan-to-Completed Value


Location Type


Property Condition

Vacant Land

Borrower's Plan

Build and Sell

Exit Strategy


Deal Highlights

Washington, UT is a suburb of the city of St. George in southwestern Utah.
We were able to meet with this Client in person to discuss his projects.
We funded seven of this Developer's new construction builds.

Deal Summary

I Fund Cities, an alternative lending platform, funded a $736,186 senior lien position ground-up construction loan for a single-family home in Washington, Utah, near St. George. The purchase price was $450,000, and we funded 100% of the $416,101 construction budget. The completed value was $1,400,000 so our loan-to-completed value was 53%. In addition to being able to meet with this Client in person, we were able to use his extensive experience to get comfortable with funding his deal at the number he needed. In fact, we funded seven of his new construction builds in Southern Utah. This Borrower not only gained the leverage he needed to make his deal numbers work, but by keeping communication lines open, and connecting him with our draws team pre-funding, we could assure this builder a smooth loan process through closing and beyond. He plans to sell the property upon completion of the construction. The loan term was set at 12 months. This SFR ground-up construction loan was funded in August 2023.

Funded By

i Fund Cities

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


Kevin Whisler

Loan Officer: Inside Sales