Real Estate Loan Products in Illinois
Looking to invest in Illinois? The land of Lincoln is a great place to put your money! The property market is booming and there are plenty of opportunities to make a profit. Whether you're looking to fix and flip, build new construction or invest in an apartment complex, you can find the perfect property in Illinois.
Illinois Loan ApplicationInvestment Properties in Illinois
Illinois keeps its economy moving with strong manufacturing, research, and aerospace industry, including large employers such as Archer Daniels Midlan, Caterpillar, Abbott Labs, Exelon Corp, and Boeing to name just a few. Sometimes a forgotten state in real estate investing, the low cost of entry combining a strong corporate presence creates opportunities in rental, housing, flipping, or real estate investing.
Whether you're looking to fix and flip a house and sell it for more than the $194,500 median home sale price, get a rental property and generate the state's monthly average of $1,085 per unit, or buy one of the 3,812 available empty lots to develop something new, Illinois is a great place to begin or expand your real estate investments!
Illinois, also known as "the Land of Lincoln," is a vacation destination for millions of visitors and a great state to invest in. From the gleaming metropolis of Chicago to the rolling farmlands of Poplar Grove, visitors can see all kinds of sights and have all kinds of experiences and adventures. Nature lovers, for example, will enjoy hitting the mountains and rivers for hiking, climbing, camping and kayaking. History buffs might be interested in the many museums and landmarks associated with Abraham Lincoln, Native Americans and the Civil War Era. Shopaholics won't want to miss the malls, and culture enthusiasts will love the galleries, vineyards, dance halls and botanical gardens. Illinois also plays host to a number of special events throughout the year, so there's always something new and exciting to see and do. This state has so much to offer and it's investment possibilities are endless - rental property, new construction or fix and flip. Look into our loan products for Illinois and build your portfolio!
The economic and recreational opportunities of Illinois help bring a mix of people to live there. Looking at age demographics, 14.6% of residents are between the ages of 25 and 34, 16.0% are between 35 and 44 and 33.0% are over 44 years old.
Contact LSM now to learn more and we'll help you find the right product to meet your needs!
Whether you're looking to fix and flip a house and sell it for more than the $194,500 median home sale price, get a rental property and generate the state's monthly average of $1,085 per unit, or buy one of the 3,812 available empty lots to develop something new, Illinois is a great place to begin or expand your real estate investments!
Illinois, also known as "the Land of Lincoln," is a vacation destination for millions of visitors and a great state to invest in. From the gleaming metropolis of Chicago to the rolling farmlands of Poplar Grove, visitors can see all kinds of sights and have all kinds of experiences and adventures. Nature lovers, for example, will enjoy hitting the mountains and rivers for hiking, climbing, camping and kayaking. History buffs might be interested in the many museums and landmarks associated with Abraham Lincoln, Native Americans and the Civil War Era. Shopaholics won't want to miss the malls, and culture enthusiasts will love the galleries, vineyards, dance halls and botanical gardens. Illinois also plays host to a number of special events throughout the year, so there's always something new and exciting to see and do. This state has so much to offer and it's investment possibilities are endless - rental property, new construction or fix and flip. Look into our loan products for Illinois and build your portfolio!
The economic and recreational opportunities of Illinois help bring a mix of people to live there. Looking at age demographics, 14.6% of residents are between the ages of 25 and 34, 16.0% are between 35 and 44 and 33.0% are over 44 years old.
Contact LSM now to learn more and we'll help you find the right product to meet your needs!
✓ Just a few of the locations we service - Elgin, Rockford, Peoria, Bloomington, Chicago, Round Lake Beach, Joliet, Springfield, Naperville, Aurora, Champaign
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Loan Summary Information for Illinois
Getting the right funding in Illinois can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in Illinois. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in Illinois. Read on to learn more about our current offerings in Illinois.
| Loan Products | FICO | $ Loan | Term | Rate | Points |
|---|---|---|---|---|---|
| FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
| RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
| RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
| NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only