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Fix and Flip Loans Illinois
Keep building with up to 100% financing. Focus on growing your real estate business with fast, reliable, competitively priced capital. Proudly serving real estate investors throughout Illinois and Chicagoland.
Fix and Flip Loans Chicago
If you're buying distressed properties in Chicago, we can fund up to 100% of the purchase price and 100% of the rehab. Plan your next project confidently -- common sense underwriting and deal structuring to help you achieve your goal and manage risk.
Illinois Fix and Flip Loan Program
Built for real estate investors who demand a better borrowing experience.
| Fix and Flip | Guidelines |
|---|---|
| Interest rate | Get quote |
| Time to fund | 10 - 20 days |
| Max loan to purchase price | 100% |
| Max loan to rehab | 100% |
| Max loan to ARV | 70% |
| Term | 12 - 18 months |
| Property type | 1 - 4 units, non-rural |
| Minimum loan amount | $50,000 |
| Minimum ARV | $100,000 |
| Origination Fee | 2 points |
| Interest type | Full Boat or As Disbursed |
| Draw type | Advanced or Reimbursed, Inspector-less |
| Underwriting fee | $495 |
| Legal/doc prep fee | $500 - $995 |
| Prepayment Penalty | No |
| Appraisal required | Yes |
