Chicago real estate investors: fast hard money financing for fix and flip projects. Up to 90% of purchase price, 100% of rehab costs. No W-2. 660+ credit. Close in 7-10 days.
Check My Chicago Rate →Chicago is the economic center of the Midwest — CME Group, Boeing, United Airlines, McDonald's HQs. Neighborhood investment strategies work well here; specific areas (Logan Square, Pilsen, Avondale) have seen significant gentrification. Lower appreciation than Sunbelt metros but strong rental yields in neighborhood plays. High property taxes must be factored in.
Active investor market with strong rental demand and fix flip activity.
Active investor market with strong rental demand and fix flip activity.
Active investor market with strong rental demand and fix flip activity.
Active investor market with strong rental demand and fix flip activity.
Active investor market with strong rental demand and fix flip activity.
We also fund investments throughout the greater Chicago metro including Evanston, Oak Park, Naperville, Aurora, and Schaumburg.
Accurate ARV is critical. Chicago submarkets like Lincoln Park have strong comp data. Lenders want 3-5 recent comps within a quarter mile.
Chicago rehab costs: $15-40/sq ft cosmetic, $40-75/sq ft moderate, $75-150/sq ft gut. Permits matter in Chicago — include permit timelines.
Lenders require a clear exit — sale or refi to DSCR. Market time in Chicago averages 30-60 days. Build a 6-month exit buffer.
First-time flippers can qualify. New flippers start at 80-85% LTC; experienced investors (2+ completed flips) reach 90%+.
Up to 90% LTC on purchase and 100% on rehab for qualified borrowers with flipping experience.
Typical Chicago fix and flip closings happen in 7-10 business days. Experienced borrowers can close in 5-7 days.
First-time flippers can qualify at 80-85% LTC. Experienced borrowers (2+ flips) access 90%+ LTC and lower rates.
Most programs require 660+ FICO. Stronger programs start at 680-700.
Rehab funds via reimbursement draws — complete work, inspector verifies, lender wires funds every 2-4 weeks.
Fix and flip loans in Chicago range from $150K to $5M. Most SFR flips fall in $200K-$800K range.
Yes. All Chicago fix and flip loans allow LLC borrowing with a personal guarantee.
Most loans carry 12-18 month terms with extension options. Refinancing to DSCR is an alternative if you hold as a rental.
No credit pull. No commitment. Speak with a licensed financing firm that knows the Texas investor market.
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