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Updated about 3 years ago on . Most recent reply

Josh Salinas's profile image
Josh Salinas's profile image
Josh Salinas
  • New to Real Estate
  • from Joliet, IL
  • Member since Jan 7, 2022

User Stats

14
Posts
7
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Josh Salinas's profile image
Josh Salinas's profile image
Josh Salinas
  • New to Real Estate
  • from Joliet, IL
  • Member since Jan 7, 2022
Josh Salinas
  • New to Real Estate
  • Joliet, IL
7
Votes |
14
Posts
Mortgage Brokers & Lenders

Lenders for Flips in the Chicago land area

Josh Salinas
  • New to Real Estate
  • Joliet, IL
Posted

Hi everyone, 

I'm looking to flip a SFH in the Chicago land area. Does anyone have any good recommendations for lenders who deal with loans that include purchase price and rehab? Thanks!

Joliet, Illinois
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Andrew Garcia's profile image
Andrew Garcia's profile image
Andrew Garcia
  • Lender
  • from Charlotte, NC
  • Member since May 4, 2022

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Andrew Garcia's profile image
Andrew Garcia's profile image
Andrew Garcia
  • Lender
  • from Charlotte, NC
  • Member since May 4, 2022
Andrew Garcia
  • Lender
  • Charlotte, NC
410
Votes |
739
Posts
Andrew Garcia
  • Lender
  • Charlotte, NC
Replied

Hi @Josh Salinas, I can refer you to a lender that can finance up to 90% of the purchase + rehab depending on a variety of factors.

They can also do the back-end DSCR or conventional refinance if you plan on keeping it as a BRRRR.

Hope this helps! Let me know if I can be of any assistance.

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