For Real Estate Investors, access to a reliable, fast and proven financing source is critical. ICF’s Renovation loan program is designed to meet the borrowers need to purchase and rehab a property quickly, cutting through the red tape of traditional financing methods.
ICF’s Hard Money Renovation Loans are designed for investment properties (Single Family – Non Owner Occupied, and Multi-Family) in need of improvement to enhance the value, which will be sold or held as a rental property for the Investor.
We finance up to 100% of the purchase price and 100% of the rehab up to the maximum loan of 75% of After Repair Value, leaving you with valuable operating capital to complete your project.
FREQUENTLY ASKED QUESTIONS
No, ICF is a business purpose lender. Owner Occupied properties are considered consumer purpose and for those we recommend you seek conventional financing through traditional lenders.
Residential Stand Alone Single Family (non-owner occupied), Multi-Family and Mixed Use Commercial, properties in any condition.
No. You only pay interest for the term you have the loan. The faster you fix the property up and sell or refinance it, the more profit you will earn. Real estate investors should never pay pre-payment penalties!
No, ICF will only lend in 1st Lien position. We do allow for seconds from other sources.
Normal turn times range from 7 -10 business days after we receive the full property submission packet. Being pre-approved can save you valuable time in the process.
ICF will conduct a valuation of the property based on the scope of improvements you will be making to determine the After Repair Value (ARV) of the property.
Our Bridge Loan fits that model. ICF will loan based off the appraised value, versus the purchase price. So, if you are buying the property at a big enough discount, you can get it with No Money Down.
It’s as easy as 1, 2, 3….
Step 1 – Contact us to review the overall project at
or complete the contact us form and we’ll reach out to you as soon as possible.
Step 2 – Collect & Submit Documentation
Step 3 – Close your deal, typically within 7-10 days
Not quite ready to submit, but have questions? Use the Contact Us form and we’ll respond pronto.