Chicago Illinois Real Estate Fix and Flip Loan

chicago illinois real estate fix and flip loan

Do Hard Money funded yet ANOTHER profitable deal in Chicago, Illinois! Believe me, if there’s any place to invest in real estate right now, it’s Chicago. We’ve funded dozens of deals there in just the past few months alone and this deal is one of them. Dionne T. found an excellent fix-and-flip opportunity in the gorgeous, highly-desirable Morgan Park/Beverly area. Dionne wanted to create an open floor plan with this beautiful three-bedroom, three-bathroom home. To take advantage of this profitable opportunity, Dionne brought this deal to Do Hard Money. We ran the numbers on it and we qualified this deal for 100% financing! Do Hard Money funded 100% of the property purchase price, rehab costs and closing costs. We also funded 47% of the interest costs. All in all, Dionne brought only $1,408 cash-to-close to make the deal work! Click here to take a look at the property HUD.

Dionne went straight to work executing a fantastic rehab on this property. You wouldn’t believe the transformation this home experienced! First, Dionne took care of all of the needed repairs. She installed a new furnace, new hot water tank and a new A/C system. Then, Dionne upgraded the home to include a new smart garage door system and opener and elegant, new light fixtures. Dionne also performed amazing updates throughout the home, such as refinished hard wood floors, new carpet and new granite counter tops in the kitchen. Finally, Dionne put the finishing touches on her rehab by adding a brand new deck to the back yard. As a result of her hard work, Dionne is looking at an overall estimated profit of $49,667 on this property! For more details* on this deal, check out the table below:

Loan DetailsCost% Funded
Purchase Price$70,000100%
Rehab Costs$34,065100%
Closing Costs$21,437100%
Interest$9,756 47%
Total Funding Needed for Deal$135,258
Do Hard Money Loan Amount$130,080
Earnest Money$2,000
Seller Paid Costs$1,770
Cash-to-Close$1,408
After Repair Value (ARV)$195,000
Selling Costs$13,845
Loan Payoff$130,080
Cash-to-Close Payback$1,408
Estimated Net Profit$49,667

*Minor loan details not included.

We couldn’t be more thrilled for Dionne’s great success! Imagine earning a profit of almost $50K for LESS than $1,500 cash-to-close. Do Hard Money funds these kinds of deals all the time, most earning an average profit of $30K. With that kind of money, you could get out of debt and save for the future in one fell swoop. As a result of our funding, you could even take your family on that dream vacation!

Do Hard Money is here to help everyone open the door to financial freedom through profitable real estate investment opportunities. To take advantage of what we have to offer, just click on this link to schedule your appointment with one of our investment associates. We can walk you through our lending process and discuss your financial goals to determine the most profitable course of action for you. Our investment associates look forward to helping you take control of your finances and earn more money in less time than anyone thought possible.

If you already have a property in mind, you can qualify for a hard money loan by filling in the fields in the yellow ‘GET PRE-QUALIFIED’ box on the right. Then, click ‘submit’ and you can get pre-qualified right away.

You can also get in touch with us by phone at 801.948.9774. We look forward to helping you achieve massive profits through lucrative real estate deals. Schedule your appointment today!