We love to lend in Michigan.
Michigan has a quickly expanding real estate market, and we want to help you take advantage of it. As private & hard money lenders throughout the state, we’re ready to finance your real estate deals and provide you with the best possible terms in the industry. Here’s a list of counties where we provide superior fix-and-flip, rental, and construction loans:
Alcona, Alger, Allegan, Alpena, Antrim, Arenac, Baraga, Barry, Bay, Benzie, Berrien, Branch, Calhoun, Cass, Charlevoix, Cheboygan, Chippewa, Clare, Clinton, Crawford, Delta, Dickinson, Eaton, Emmet, Genesee, Gladwin, Gogebic, Grand Traverse, Gratiot, Hillsdale, Houghton, Huron, Ingham, Ionia, Iosco, Iron, Isabella, Jackson, Kalamazoo, Kalkaska, Kent, Keweenaw, Lake, Lapeer, Leelanau, Lenawee, Livingston, Luce, Mackinac, Macomb, Manistee, Marquette, Mason, Mecosta, Menominee, Midland, Missaukee, Monroe, Montcalm, Montmorency, Muskegon, Newaygo, Oakland, Oceana, Ogemaw, Ontonagon, Osceola, Oscoda, Otsego, Ottawa, Presque, Roscommon, Saginaw, St. Clair, St. Joseph, Sanilac, Schoolcraft, Shiawassee, Tuscola, Van Buren, Washtenaw, Wayne, and Wexford counties.
Fix-and-flip lending is the lifeblood of investor profitability. You need to close quickly, cheaply, and at the highest loan-to-values. So we make fix-and-flip financing easy for you. You have enough work to do as it is.
There are a lot of skills required in fixing and flipping a property. Remodeling & rehabbing a property correctly, let alone acquiring the best property for the right price, can be challenging. And properties can be in significant disrepair. We are revolutionizing the way flip financing works, making it easier for you to focus on the things that actually matter.
We lend to experienced real estate investors as well as first-time borrowers, and bad credit is often acceptable to us. Speed is important to you, and we can close in under two weeks if the paperwork is in order. We’ve even closed in 2 days before. Our fix-and-flip program is not hard money, since we are much more aggressive. We advance up to 90 percent of the purchase price and 100 percent of the rehab money to repair the property.
New Construction Financing
ICG loves to lend on new construction projects for experienced borrowers. You can expect fast and flexible underwriting to materialize your perfect project. We can lend on the land, up to 60 percent, and then up to 100 percent of the construction money as entitlements and permits become available.
We understand that conventional options lack flexibility, speed, and common sense underwriting. That’s where we come in. Construction financing is typically only open to experienced investors, contractors, and builders. We look at the whole package including track record, and low credit scores play much less of a factor than in other loan programs.
Individual Rental & Portfolio Term Financing
With our individual rental and bulk blanket loan options, you can lock in historically low interest rates to pull out cash or purchase more properties. You can even consolidate your debt with the proceeds.
ICG pays more attention to credit score in these types of loans, generally requiring a minimum of 620 to 680, depending on the situation. We also look at debt service. Generally, we go up to 75 percent of the property value, and we will consider purchases of properties that aren’t yet rented with minor cosmetic issues. We will even lend to foreign nationals.
With traditional banks that are too slow to finance your projects, you can lean on ICG for reliable, quick, and cheap rental loans to grow your portfolio. It’s time to take your real estate business to the next level.