I am looking for a hard money lender who will finance properties in Chicago. please email me. properties are located primarily in 60617 and total loan size would be between 50 - 100k.
Seems like lenders have started having restrictions in IL due to increased defaults over the past year. If your credit is higher than 725 I can do it :-)
@Patrick Britton I highly recommend Lima One Capital. I just finished a rehab using them in the same zip code.
We can do this loan, but we have a minimum of 100K, please give me an email address so I can send info. Hope to hear from you.
We can lend in Chicago we also require minimum of 100K but have a great fix and flip program. Email me at [email protected] for more information.
@Patrick Britton The hard money lender we use in Chicago is Renovo Financial.
@Maria C Quimpo I know Renovo has a big market share in Chicago, but man they are expensive. They must market very well.
@Nghi Le I agree Nghi, the network we've developed because of them makes it worth it though. Who is your go to hard money lender?
I've borrowed from a dozen different HMLs and have some varying experiences. I'm actually not from Chicago, but I have a flip going on there right now. I tend to use the more national lenders these days.
Will PM you.
Hi - Wanted to follow-up on this post. @Patrick Britton who did you end up going with? My brother and I are looking into multi-families in 60612.
@Nghi Le yes, my credit is higher. i'll shoot you a message.
@Christopher M. the problem with Lima One is there min loan amount. I thought it was 100k?
@Maria C Quimpo yes i spoke with Eric @ Renovo. Very friendly and helpful. I'll definitely consider using them when it comes to anything fix and flip (or refi) related.
I still need an email address, thanks
I can do down to $75k in Chicago with a 600+ FICO.
Upfront draws available, and interest rates start in the 8s
3 - 5 points
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