Programs
Investor Loans in Chicago Illinois
Our primary focus is to provide private hard money short term funding to Real Estate Investors in Chicago Illinois for purchase and rehabilitation of residential real estate, and to help you complete projects if you run short.
The primary collateral for funding is the value of the property. We use the purchase price to determine the funding limits. We can provide up to 75% of the purchase and rehab funds for a project for qualified properties and investors.
Eligible properties include:
- Single-family homes
- townhouses
- condos
- 2,3, 4 UNITS
- 5+ units
- vacant land
- Commercial Properties
Hard Money Loans
Do you own a property free and clear or low balance?
We can fund investment property loans that need rehab or cash out for business purposes. We are very flexible on income verification and credit scores. If you have a low mortgage balance on your home and are behind on property taxes, mortgage payments and are planning to sell we can help.
Properties in foreclosure can be funded. We do not provide funding for the purchase of properties at an auction. We will fund a property that has been purchased at an auction and has a clear title.
Residential Mortgages
We have all conventional and FHA Products available including the 203k Streamline that is a popular rehab loan that allows for up to $35,000 to be used for remodeling with a purchase or refinance.
Commercial Loans
We have loan programs available nationwide that begin at $100,000. Whether you seek funding for an apartment building, office building or retail commercial our service oriented loan advisors give you the underwriting expertise required by today’s tougher lending standard’s. If you are a seasoned investor or new to the market we are here to help you explore your best options for commercial financing.
Properties we love for our portfolio nationwide:
Multi family-5+units
Mixed use
Office
Retail
Warehouse
Groups of n/o/o condos
Rehabs loans for multifamily.
Properties we will consider for California only:
O/O and N/O/O SFR, condos, townhouses and 2-4 units-
O/O and N/O/O Luxury homes up to 5+million loan amounts!
Properties we will consider:
Mobile home parks
Motel and Hotels flagged and non flagged-in conjunction with a capital partner
Gas Stations branded and non branded–in conjunction with a capital partner
LTVs:
Up to 65% on really good deals.
Loan amounts: In house-up to 5 million and as low as 50K.
Lien position: 1st only
Typical terms: 8.99% to 12.99%
1-7 year terms
No Prepay options available
www.ChicagoRehabLoans.com • 150 N Michigan Ave • Suite 2740 • Chicago, IL 60601
Phone: 312-938-0492 • Fax: 312-528-9043