Alternative real estate Ipass direct lender loans i Fund Cities beats pandemic

Philadelphia, November 30, 2021 (GLOBE NEWSWIRE) – Based in Philadelphia i Financing cities, a renegade startup disrupting the traditional “behind-the-curtain” real estate investment lending system, is making its KICK-A $$ loans available in 27 additional US cities.

Unlike other lenders, the company offers a very open view of their lending process, rates and terms, while standing shoulder to shoulder with their investors Ipass direct lender loans

In addition, i Fund Cities’ large base of funding sources allows them to be creative and flexible in structuring their investor Ipass direct lender loans. This diversity of funds propelled i Fund Cities forward during the global pandemic, while other lenders either went out of business or went out of business.

The company’s motto, “Built for investors, by investors”, reflects the key factor in the company’s flourishing success. Says co-founder Ryan Herting, “As an investor, I wanted a lender that I could relate to, support myself with, and learn from. This lender should be enterprising, real estate savvy, and have my backing when I find a good deal. Unfortunately, that business just wasn’t there. It is now! ”

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Company co-founders Ryan Herting, Chris Tereo and Bryan Ziegenfuse formed i Fund Cities in 2018. They combined their decades of experience in real estate, sales and construction to realize their new vision of lending, a more dynamic and dynamic company. grain as suit and tie. They’ve assembled a team to provide experienced, personalized service to investors, unlike the ‘pushing a pencil’ lender that has so far defined the industry.

The group had the vision and the expertise. Then they needed funding. Herting recalls: “For over a year we’ve been opening every door of capital possible to help us with start-up capital. We were told things like ‘You can’t do volume to scale’, ‘You don’t have the lending experience’, ‘We’ll let you work for pennies’ and’ If it works, we will discuss a new structure.

Eventually, a bank loaned them a million dollars. Herting recalls: “We just needed customers! We thought that would be the easy part, but we were wrong. All of our real estate friends already had significant loan relationships. ”

That was the case, anyway, until the arrival of Covid.

“We were baffled,” Herting explains. “We had just started to gain traction in the business and the capital markets froze, stopping liquidity in the market overnight. But our team was determined to support our investors and grow the business. We found a significant source of capital, unrelated to institutional money, which allowed us to continue funding.

We rolled the dice and signed our lives for funding. And then… as other lenders stopped lending because their sources of capital had dried up, we took market share. This is when we found our lending platform to be totally unique and sustainable, which is what we intend to expand upon to face other storms to come. ”

In just a few years, i Fund Cities has grown into one of the fastest growing private credit companies in the country, supporting thousands of investors. Whether it’s countless first-time investors, small investor-owned businesses, or a large developer are carving out a growing share of the Delray, Florida real estate market, the format of the company enables it to support the aspirations of investors at all levels.

Ultimately, says Herting, “Investors recognize the value of having a lender who cares about their success.” This translates into the fact that investors can close more deals each year and grow their portfolios exponentially faster.

That’s why i Fund Cities is on fire and why the company is now changing the lending game in 27 additional 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. (Loans are also available in other states on a case-by-case basis.)

IN REGARDS TO: I Fund cities is an “alternative” lending platform offering personalized real estate financing options for each level of investor, through a full range of lending products. As investors ourselves, we are like our investors: we strive to work hard, not suit and tie.

We offer speed, transparency, knowledge and a personalized investment partnership that investors won’t find anywhere else.

Alternative Real Estate Lender i Fund Cities Beats Pandemic Odds: Expands Kick-A$$ Loans to 27 Cities