Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

35
Posts
12
Votes
Stone Timber
  • Investor
  • Chicago, IL
12
Votes |
35
Posts

Hard Money Loan - CHICAGO - URGENT

Stone Timber
  • Investor
  • Chicago, IL
Posted Sep 22 2019, 03:00

Hi all

Been a while I posted on here.  Life.

A deal I've been working on for close to 3 months is suddenly falling apart and I am in 'desperate' need of a hard money lender that operates in the Chicago area.

The property is a 2-unit owned free and clear that was bought three years ago (around the time I made my last post!) and has sat empty for that entire period (another story for another post). ARV from a recent appraisal is $190,000 and needs repairs in the region of $70,000 - a complete rehab. I have scope of work, contractors, etc., ready and waiting.

Looking for recommendations, referrals, and/or suggestion of lenders that can move pretty fast without any drama or false expectations as I am currently experiencing.  With that said, there are conditions that will factor into this financing, and this can be turned around in about 8 weeks.

Help Please!!!!

Loading replies...