$30,000 to $5,000,000
18 months
10% - 12%
1.5 - 3%
Loan Type Bridge Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type Multi Family, SFR
Illinois Hard Money Loan Lenders
Below is a list of 61 Lenders that offer hard money loans in Illinois. Interest Rates vary on a case-by-case basis but are typically offered from 5% to 20%. In addition, these lenders provide loan amounts from $10,000 and $1,000,000,000.
upto $400,000
Loan Type Bridge Loan, Hard Money Loan
Property Type Agriculture, Land Entitled, Land Non-Entitled
$2,000,000 to $20,000,000
6 months, 1 year, 1.5 years, 2 years, 3 years
8% - 12%
1.5 - 2%
Loan Type Bridge Loan, Hard Money Loan
Property Type 2-4 Units, SFR, Skilled Nursing
$150,000 to $9,000,000
6 months, 2 years, 3 years, 5 years, 30 Years
7% - 13%
2%
Loan Type Bridge Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type Condo, Mixed use, Multi Family, SFR
$200,000 to $20,000,000
3 months, 6 months, 1 year, 1.5 years, 2 years, 3 years
8% - 12%
1 - 5%
Loan Type Bridge Loan, Hard Money Loan, Rehab Loan
Property Type Condo, Gas Station, Hotel, Industrial, Medical Facility, Medical Office, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Retail, Self-Storage, SFR, Shopping Center, Special-Use, Student Housing, Warehouse
CA DBO CFL lic #603J060.
$3,000,000 to $100,000,000
3 years
7%
Loan Type Bridge Loan, Hard Money Loan
Property Type 2-4 Units, Condo, Hotel, Industrial, Multi Family, Office, Retail, Self-Storage, SFR, Student Housing
Boca Raton,
$1,000,000 to $10,000,000
2 years, 3 years
8%
1 - 2%
Loan Type Bridge Loan, Hard Money Loan, Rehab Loan, Second Mortgage
Property Type 2-4 Units, Industrial, Mixed use, Multi Family, Office, Retail, Self-Storage, SFR
$250,000 to $5,000,000
1 year, 2 years, 30 years
7.5% - 14%
Loan Type Bridge Loan, Commercial Loan, Hard Money Loan
Property Type Automotive, Bar, Car Wash, Church, Condo, Daycare, Funeral Home, Hotel, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Warehouse
$100,000 to $3,000,000
30 years
2 - 5%
Loan Type Bridge Loan, Commercial Loan, Construction Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Industrial, Medical Office, Mixed use, Multi Family, Office, Retail, SFR, Shopping Center, Special-Use, Strip Center
$1,000,000 to $50,000,000
1 year, 1.5 years, 2 years, 3 years
Loan Type Bridge Loan, Commercial Loan, Construction Loan, Hard Money Loan, Rehab Loan
Property Type Hotel, Land Entitled, Medical Facility, Mixed use, Multi Family, Office, Retail, Student Housing
The Top 10 Cities to Get a Hard Money Loan in Illinois
Real estate investment in Illinois presents a spectrum of opportunities across various cities, making hard money loans an attractive option for investors seeking swift financing solutions. From the bustling urban centers to charming suburban areas, here are the top 10 cities in Illinois where securing hard money loans can facilitate successful real estate investments.
- Chicago: As the state’s largest city and economic powerhouse, Chicago offers diverse real estate opportunities, making it an ideal destination for hard money loans.
- Naperville: Known for its affluent neighborhoods and growing real estate market, Naperville provides investment prospects suitable for hard money loans in both residential and commercial properties.
- Aurora: With its strategic location and evolving real estate landscape, Aurora offers opportunities for hard money loans in residential and commercial ventures.
- Rockford: Boasting affordable housing options and an emerging market, Rockford presents investment potential for hard money loans in various real estate projects.
- Joliet: Positioned in the Chicago metropolitan area, Joliet offers real estate investment opportunities, making it a viable choice for hard money loans in residential and commercial properties.
- Springfield: Serving as the state capital, Springfield provides investment prospects in real estate, catering to investors seeking hard money loans for residential and commercial ventures.
- Peoria: Known for its diverse economy, Peoria offers opportunities for hard money loans in residential and commercial real estate, attracting investors seeking quick funding solutions.
- Elgin: A growing city with a burgeoning real estate market, Elgin appeals to investors interested in hard money loans for residential and commercial properties.
- Champaign: Home to the University of Illinois, Champaign presents investment prospects in student housing and residential properties suitable for hard money loans.
- Decatur: With its affordability and potential for property appreciation, Decatur provides investment opportunities in residential and commercial real estate, making it an appealing choice for hard money loans.
In conclusion, Illinois’ diverse cities offer a range of real estate investment opportunities, and hard money loans serve as a practical means of securing swift funding for these ventures. Whether it’s the bustling city of Chicago or the growing suburbs like Naperville, investors exploring these top 10 cities in Illinois can leverage hard money loans to capitalize on the state’s dynamic real estate market.
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