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IceCap Group

New York, NY·Nationwide
Visit website ↗(646) 687-1812
IceCap Group offers bridge, fix-and-flip, ground-up construction, DSCR term, rental portfolio and multifamily financing for real estate investors.
IceCap Group describing itself

Loan programs

Fix to Rent (BRRRR)

Maximum leverage
Max LTC 82.5%Max ARV 65%Max LTP 85%

Fix & Flip

Maximum leverage
Max LTV 80%Max LTC 82.5%Max ARV 65%Max LTP 85%

DSCR / Long-Term Rental

Maximum leverage
Max LTV 80%Max LTP 75%

Bridge

Maximum leverage
Max LTV 80%Max LTP 75%

Ground-Up Construction

Maximum leverage
Max LTV 80%
Also offers— no published terms
CommercialMultifamilyRental Portfolio / Blanket

Terms & qualification

Typical loan size
$50K – $10M
Typical term
12 mo – 18 mo
Interest rate
7% – 12.5%
Origination / points
1% to 4%
Minimum FICO
680
Lien position
1st
Prepayment penalty
long term 1-4 unit - 5,4,3,2,1 , long term 5 unit - 5,,5,5,5,5. short term 1-4 6 months minimum interest
Payment structure
Interest Only
Recourse
Always
Closing speed
30 days typical · 3 days fastest
Prepayment structure
Minimum interest
Cross-collateral
Yes
Equity / JV capital
No
Income documentation
Credit Report, Bank Statements, Financial Statements, Loan Application
Borrower entity
Individual(s), LLC, Limited Partnership, Corporation

Property types

2–4 Unit ResidentialCondo / Townhome / PUDMixed-UseMultifamily (5+)Single-Family (SFR)

Lending footprint

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Explicitly excluded: CA, ID, MN, NV, OR, VT

Sources

This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.