Alternative Real Estate Lender i Fund Cities Beats Pandemic
PHILADELPHIA, Nov. 30, 2021 (GLOBE NEWSWIRE) – Philadelphia-based i Fund Cities, a breakaway startup breaking the traditional lending system for real estate investments “behind the curtain,” is making its KICK-A $$ loans available in 27 additional US cities.
Unlike other lenders, the company offers a wide-open view of their lending process, interest rates and terms, and stands shoulder-to-shoulder with its investors for lending.
In addition, i Fund Cities enables the curated, broad base of funding sources, creativity and flexibility to be used in structuring your investor loans. This diversity of funds has fueled i Fund Cities during the global pandemic while other lenders put it on hold or went out of business.
The company motto “built for investors, by investors” reflects the key factor for successful corporate success. Co-founder Ryan Herting explains, “As an investor, I wanted a lender that I could relate to, rely on and learn from. This lender would need to be entrepreneurial, real estate savvy and have my back when I got a good deal. Unfortunately, that company just wasn’t out there. It is now!”
Visit https://www.ifundcities.com/ to receive your quote.
The company’s co-founders Ryan Herting, Chris Tereo and Bryan Ziegenfuse founded i Fund Cities in 2018. They combined their decades of experience in the real estate, sales and construction industries to realize their new vision for lending – a company that is busier and sand than a suit and tie. They teamed up to deliver an experienced and personalized service to investors – the opposite of the pencil-push-sit-behind-a-desk lender that has defined the industry so far.
The group had the vision and the know-how. Next they needed money. Herting recalls: “For over a year we kicked every possible capital door to help us with start-up capital. We were told things like, “You can’t scale the volume,” “You don’t have the experience with lending,” “We’ll let you work for pennies,” and “If it works, we’ll discuss a new structure.”
After all, a bank lent them a million dollars. Herting recalls: “We just needed customers! We thought this was the easiest part, but we were wrong. All of our real estate friends already had great credit relationships. “
At least that was the case until Covid showed up.
“We were amazed,” explains Herting. “We had only just started to gain a foothold in business – and the capital markets froze and stopped liquidity in the market overnight. But our team was determined to support our investors and grow the company. We found a large source of capital that was not tied to institutional money and that allowed us to continue funding.
We rolled the dice and signed our lives for funding. And then … when other lenders stopped lending because their sources of capital dried up, we gained market share. We saw then that our credit platform is absolutely unique and sustainable, something we want to grow on in order to weather all coming storms. “
In just a few short years, i Fund Cities has grown into one of the fastest growing private lending companies in the country, supporting thousands of investors. From a countless number of first-time investors to small investor-owned businesses to a large property developer making up a growing portion of the Delray, Florida real estate market, the company’s format enables it to support the endeavors of investors at all levels.
Bottom line, Herting says, “Investors recognize the value of a lender who cares about their success.” This means investors can close more deals each year and scale their portfolios exponentially faster.
So i Fund Cities is on fire and is changing the credit game in 27 more cities in all of the following states: Alabama, Florida, Georgia, Indiana, Ohio, Maryland, Minnesota, Mississippi, Pennsylvania, North and South Carolina, Tennessee, Virginia, Washington DC, and Wisconsin . (In individual cases, loans in other federal states are also possible.)
ABOUT: i Fund Cities is an “alternative” lending platform that offers tailored real estate financing options for every level of investor through a full range of lending products. As investors ourselves, we are like our investors: hectic, not a suit and tie.
We offer speed, transparency, knowledge and a personalized investment partnership that investors will not find anywhere else.
https://thenewsfront.com/alternative-real-estate-lender-i-fund-cities-beats-pandemic-odds-expands-kick-a-loans-to-27-cities/