Getting Started

Getting Started

Funding

Funding

SUBMIT YOUR REQUEST FOR PROJECT FUNDING NOW

2019 CASE STUDIES CLOSED AND FUNDED ONE OF OUR TOP PRIVATE EQUITY LENDER / INVESTOR GROUPS

10. Modern Modular Design (1).jpg
VFOX Affordable 7c.jpg

Deals we have been able to source. We can execute in many other types of transactions, but this should be a good indication of what we can do:

VFOX Affordable 3.jpg

FUNDED AMOUNT

1

$26 million approved and disbursed

KEY FUNDING RATIO’S

85% LTC / 65% ACV

DETAILS

10% interest only for 36 months with 3 total points origination. This was for phase 1 of 3 phase luxury student housing development. Phase 1 was ~400 units.

2

$16.5 million approved and disbursed

85% LTV and 75% of ACV

33unit luxury condo development in Nashville, TN. 8.5% interest only for 24 months with 3.5 total points origination.

VFOX Affordable 3.jpg

FUNDED AMOUNT

3

$1.125MM approved and disbursed

KEY FUNDING RATIO’S

90% LTV up to 70% of ACV

DETAILS

Rehab and new construction project of SFR property in CA. 10.75% interest only for 13 months with 2.3 total origination. Borrower has very low experience.

4

$701,000 approved and disbursed

100% LTC at 70% of ARV

SFR rehab in STL / 10% interest only for 9 months with all origination deferred.

VFOX Affordable 3.jpg

FUNDED AMOUNT

5

$70 million approved and disbursed

KEY FUNDING RATIO’S

100% LTC and 65% of ACV

DETAILS

Large community development in central Florida. 7.5% interest only for 60 months with 3 points total origination.

*

*

*

*

The peopole

THE PEOPLE OWNED AND OPERATED BY INVESTORS WITH OVER 100 YEARS COMBINED SUCCESS IN MULTIPLE MAJOR MARKETS • Quick Turnaround Time • No Upfront Fees • Multiple Financing Products • Direct Lender • Renovation Loans

THE PRODUCT and PROPERTY TYPES

Optional short-term financing solution for investors looking to purchase and rehab a property in disrepair, with the ultimate objective to sell or refinance upon completion. • Single Family • Condo & Townhouse • 2-4 Units, Multifamily • Commercial • Student Housing • Mixed Use Development • Hospitality

BRIDGE LOANS

Short Term to stabilize a property for an upcoming refinance or sale • Multifamily • Mixed Use • Land Development • Retail, Office, Condo, Hotel • Light Industrial & Investment (1-4 Units) • Student Housing

TERMs

Loan Amounts of $100,000 – $100 million • 12-month loan term • 600+ Credit Score • Up to 90% Loan to Cost • 12-18 month loan term • 600+ Credit Score • Debt Coverage minimum of 1.20X • Ability to refinance into small balance • commercial program

SIMPLE (6) STEP TO FUND

GET IN TOUCH

We'd love to hear from you

ABOUT US

Letter of Intent from Direct • A (3- 5) page project brief or executive summary, explaining what, why, when, who, where, how and how much?

• Attach Project Owner or Developers Resume

• VFOX Island will reply with the appropriate application, forms and requested document list to advance the deal to underwriting

1. No Brokers or Intermediaries:

2. Principal Signatory - Account Owner – or Attorney ONLY!!!!

3. On Company Letterhead,

4. Current Dated 5. Signed

PROCESSING

Borrower signs LOI and submits (any) additional documentation if requested

APPLICATION

 

The Application and Required Docs (fee protection agreement / loan app)

1. Borrower Signs and Returns Fee Protection Agreement 2. Borrower Immediately Receives and Returns Loan Application

UNDERWRITTING

GC completes analysis & underwriting

ISSURANCE OF LETTER OF INTENT FROM INVESTOR

The Application and Required Docs (fee protection agreement / loan app)

CLOSING

1. Borrower submits final (signed, dated, completed documents to VFOX Island) for final closing document signatures of acceptance to Close. 2. Loan Closed / Funds Released to Borrower

2. HabitUsLiving.jpg

4. Processing: Borrower signs LOI and submits (any) additional documentation if requested

5. Underwriting GC completes analysis & underwriting

6. Closing 1. Borrower submits final (signed, dated, completed documents to VFOX Island) for final closing document signatures of acceptance to Close. 2. Loan Closed / Funds Released to Borrower

 

Register your project
Contact us for an assessment and discussion with one of our project officers. 

United States

GWheelerJr

Email: GW@vfoxisland.com                      Phone: +1-301-237-7938  

  • White LinkedIn Icon
  • White Facebook Icon