Chicago Illinois Real Estate Loan

chicago illinois real estate loan

Inconceivable! Check out yet another profitable Chicago, Illinois deal funded by none other than Do Hard Money! Levell W. found an incredible brick bungalow in a gorgeous neighborhood selling at an amazing discount of only $47k! Don’t let the size fool you… this property boasts five bedrooms and three bathrooms and an beautifully open floor plan. This was Levell’s very first fix-and-flip deal. He knew with the right rehab, he could earn a huge return on his investment. He brought this deal to Do Hard Money and we funded 100% of the property purchase price and rehab costs, as well as 67% of the closing costs. In the end, Levell only had to bring $8,576 cash-to-close to make this deal happen. Click here to check out the property’s HUD. 

Levell worked hard to fully renovate this house and turn it into the must-see property of the neighborhood! First, he completely refinished the hard wood floors on the main level. Then, he upgraded the kitchen to include beautiful, quartz counter tops and stainless steel appliances. Levell also upgraded the electric system with lovely recessed lighting throughout the home. He then updated the bathrooms with LED lighting for the mirrors and gorgeous new vanities. Then, Levell performed some much-needed repairs and replacements, including a new HVAC, new windows and new plumbing systems. Finally, Levell put the finishing touches on this rehab by giving the interior a beautiful, new paint job. As a result of his excellent efforts, Levell is looking to make an overall estimated profit of $30,764 on this amazing property! For more details* on this deal, check out the table below!

Loan DetailsCost% Funded
Purchase Price$47,000100%
Rehab Costs$47,574100%
Closing Costs$21,92767%
Interest$8,198
Total Funding Needed for Deal$124,699
Do Hard Money Loan Amount$109,300
Earnest Money$5,000
Seller Paid Costs$1,822
Cash-to-Close$8,576
After Repair Value (ARV)$160,000
Selling Costs$11,360
Loan Payoff$109,300
Cash-to-Close Payback$8,576
Estimated Net Profit$30,764

*Minor loan details not included.

We’re so thrilled to help Levell earn a fantastic return on his very first fix-and-flip with us. Do Hard Money is ready to help you open the door to financial freedom, just like Levell. You can earn thousands of dollars in profit in just a few short months!

It’s easy to start on your next real estate investment deal. All you have to do is click on this link to schedule your appointment with one of our investment associates. We can walk you through our process and help you make and achieve your financial goals. Also, you have the option of getting in touch with us sooner by calling 801.948.9774.

Do you already have a property already in mind? That’s great! You can qualify for a hard money loan by filling in the fields in the yellow ‘GET PRE-QUALIFIED’ box on the right. As a result of our funding, you can earn a large amount of money through profitable real estate deals. Schedule your appointment today!