Ice Cap is a semi-institutional direct 500m balance sheet lender covering DSCR, 1-4, and Multifamily/Mixed Use Perm, Bridge and Ground Up Construction Loans. 1-3 week closings, high leverages and competitive rates. Funding deals nationwide, with a strong presence in NY, NJ, FL, TX, NC, SC, AZ and CA, our team provides a smooth experience, with 24-hour turn times on documents and seamless tech-enabled experience.
IceCap Group is a New York–based direct private lender and fund manager, operating as the lending arm of O5 Group, the diversified real estate and investment platform of the Oved Group. We provide business-purpose financing for residential investment properties nationwide. We lend directly to real estate investors and through a dedicated wholesale broker channel.
Bridge and Fix & Flip: Short-term financing for acquisitions, light and heavy rehab, and stabilized bridge. Rates begin in the 8s, and will accommodate our rates to be competitive with other offers.
Ground-Up Construction: Financing for vertical development of residential, multifamily, and mixed-use projects.
DSCR :1-4 & 5-9 programs available. Single assets as well as multi-property portfolio notes are available. Programs are open to U.S. citizens, permanent residents, eligible non-permanent residents, and foreign nationals.
5-year Multi/Mixed-Use Perm: Balance Sheet product with no unit cap, loan amounts up to 10 million and a fixed 7.25% rate at 70% LTV. Full expense underwriting and simple processes. Qualifying assets must surpass a 1.20x DSCR and sponsors must hold a 700+ FICO score.
Eligible collateral includes single-family homes, 2–4 unit properties, condominiums, multifamily, and qualifying mixed-use assets. We lend to individuals and entities on non-owner-occupied properties only.
Bridge and fix-and-flip loans commonly close in under two weeks once the file is complete. Our in-house underwriting and online pricing portal give borrowers and brokers fast term visibility and certainty of execution.
IceCap does not charge 'fees', rather reimbursements for internal and 3rd party underwriting requirements. Appraisals are paid directly by the sponsor, or can be invoiced to us and paid at closing.
About me: I'm Alberto, a loan originator at IceCap Group in Manhattan. My focus is customer service and attention to detail. I give borrowers and brokers accurate answers, clear communication, and a professional process from the first scenario through closing. I have experience closing deals across DSCR, bridge, and ground-up construction loans on 1–4 family, multifamily, and mixed-use properties. I review each file closely and address eligibility, appraisal, and title questions early, so clients know where their loan stands and closings stay on schedule. I'm fluent in English and Spanish.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
