Illinois Hard Money Lender
Need an Illinois hard money loan because you’re interested in properties there? Do Hard Money is here to help you get a hard money loan quickly and easily for your next REI deal or refinance property in the Prairie State.
Do Hard Money will approve your asset-based loan completely by assessing the property not you as the borrower. A true hard money lender will base your loan approval on the investment property and the overall quality of the deal. Once we’ve evaluated the property, the LTV (loan to value) ratio of the deal will determine your loan amount. This loan amount, combined with our gap funding resources, can make it possible for you to get 100% Financing on your deal.
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We completed our 1st deal with DoHardMoney.com Our representative was instrumental in getting our deal completed. We now have a rehabbed property on the market in Evergreen Park, IL. Once you understand the process and have a good representative to basically hold your hand, it will be smooth sailing. We will definitely use DoHardMoney.com again.
Illinois Hard Money Loan Terms
Due to excellent market conditions, we are able to offer state-specific loan terms for the state of Illinois.
Illinois Real Estate Market Statistics (2015)
With beautiful rivers and exciting cities, Illinois has something for everyone, making the state a popular place to call home. Chicago, the third largest city in the U.S., is booming with opportunity while many other counties in Illinois have a charming, small-town feel popular with families. The property value in Illinois has risen 3.8% in the past year along with the number of housing flips increasing by 21%. Now is the perfect time to invest in Illinois properties, as median home prices and sales activity have both increased in the past year, which is great news for those rehabbing and flipping in the area. According to Homebuyinginstitute.com, “the Chicago market currently favors sellers over buyers.” There is a great buying demand, so your real estate investment won’t sit on the market – you’ll be able to get your REI deal sold in record time.
Number of Houses Flipped
% Change in Houses Flipped
About Hard Money Loans in Illinois
Among other things, Illinois is famous for producing big business, big names, and big crops. Hard money loans are famous for their big advantages to real estate investors.
Our Illinois hard money loans help investors who need to get into deals with little or no money down. This is especially helpful to first-time investors, new investors and investors getting back into the REI game after some downtime.
First of all, hard money loan approval works differently than approval for traditional loans because hard money loans are based on the profit potential of an investment property and the overall deal. Traditional loans, on the other hand, use intense borrower scrutiny — such as credit checks and personal information — for their approval.
With DoHardMoney, we wont even check your credit score to approve your loan. After a detailed analysis of all your loan application information, well determine your lending amount, or loan to value ratio (LTV), on the after repair value (ARV) of the investment property.
To add additional, unmatched convenience to our lending service that other hard money lenders just cant beat, you make no payments on your loans until your fix and flip is complete. We find that this helps investors get the peace of mind in the middle of the rehab that they need to be successful.
Youll find at DoHardMoney that were here to do more than fund your rehab loans and refinance loans, were here to help REIs be successful every way we can.
Real Estate Investing in Illinois
Illinois real estate investors brave more than just insane snowstorms to get the job done, they also brave a highly-competitive real estate market to come out ahead on deals.
The state of Illinois continues to shine through with one of the best real estate markets in the country. Take a look below at a list of Illinois cities and counties where DoHardMoney is eager to lend:
Adams County, Addison, Alexander County, Algonquin, Alsip, Alton, Antioch, Arlington Heights, Aurora, Barrington, Bartlett, Bartonville, Batavia, Beach Park, Belleville, Bellwood, Belvidere, Bensenville, Benton, Berwyn, Bethalto, Bloomingdale, Blue Island, Bolingbrook, Boone County, Bond County, Boulder Hill, Bourbonnais, Bradley, Bridgeview, Broadview, Brookfield, Brown County, Buffalo Grove, Burbank, Bureau County, Burr Ridge, Cahokia, Calhoun County, Calumet City, Calumet Park, Canton, Carbondale, Carol Stream, Carroll County, Carpentersville, I Centralia, Champaign, Channahon, Charleston, Chatham, Chicago, Chicago Heights, Chicago Ridge, Cicero, Clarendon Hills, Clinton, Clinton County, Collinsville, Country Club Hills, Crawford County, Crest Hill, Crestwood, Crete, Crystal Lake, Cumberland County, Danville, Darien, DeKalb, Decatur, Deerfield, Des Plaines, DeWitt County, Dixon, Dolton, Douglas County, Downers Grove, Du Quoin, East Alton, East Moline, East Peoria, East St. Louis, Edgar County, Edwardsville, Effingham, Effingham County, Elgin, Elk Grove Village, Elmwood Park, Evanston, Evergreen Park, Fairview Heights, Flossmoor, Ford County, Forest Park, Fox Lake, Frankfort, Frankfort Square, Franklin County, Franklin Park, Freeport, Gallatin County, Galesburg, Geneseo, Geneva, Glen Carbon, Glen Ellyn, Glendale Heights, Glenview, Glenwood, Goodings Grove, Granite City, Grayslake, Greenville, Grundy County, Gurnee, Hamilton County, Hanover Park, Harrisburg, Harvard, Harvey, Henderson County, Henry County, Herrin, Hickory Hills, Highland, Highland Park, Hillside, Hinsdale, Hoffman Estates, Homewood, Inverness, Iroquois County, Island Lake, Itasca, Jackson County, Jacksonville, Jersey County, Jerseyville, Joliet, Justice, Kane County, Kankakee, Kewanee, Knox County, La Grange, La Grange Park, La Salle, Lake Bluff, Lake Forest, Lake Zurich, Lake in the Hills, Lansing, LaSalle County, Lemont, Libertyville, Lincoln, Lincolnshire, Lincolnwood, Lindenhurst, Lisle, Litchfield, Lombard, Long Grove, Loves Park, Lynwood, Lyons, Machesney Park, Macomb, Macon County, Manteno, Marengo, Marion, Markham, Massac County, Matteson, McHenry, Melrose Park, Metropolis, Midlothian, Mokena, Moline, Monmouth, Morris, Morton, Morton Grove, Mount Carmel, Mount Prospect, Mount Vernon, Mundelein, Murphysboro, Naperville, New Lenox, Niles, Normal, Norridge, North Aurora, North Chicago (pop. 35,918) North Riverside, Northbrook, Northlake, OFallon, Oak Brook, Oak Forest, Oak Lawn, Oak Park, Olney, Orland Hills, Orland Park, Oswego, Ottawa, Palatine, Palos Hills, Paris, Park City, Park Fores, Park Ridge, Pekin, Peoria, Peoria County, Peoria Heights, Peru, Plainfield, Pontiac, Pope County, Princeton, Prospect Heights, Putnam County, Quincy, Randolph County, Rantoul, Richland County, Richton Park, River Forest, River Grove, Riverdale, Riverside, Robbins, Robinson, Rochelle, Rock Falls, Rock Island, Rockford, Rolling Meadows, Romeoville, Roscoe, Roselle, Round Lake Beach, Round Lake Park, Salem, Sandwich, Sangamon County, Sauk Village, Schaumburg, Schiller Park, Schuyler County, Shelby County, Shiloh, Shorewood, Silvis, Skokie, South Elgin, South Holland, Springfield, Stark County, St. Charles, Steger, Sterling, Stickney, Streamwood, Streator, Summit, Swansea, Sycamore, Taylorville, Tazewell County, Tinley Park, Troy, Union County, University Park, Urbana, Vandalia, Vermilion County, Vernon Hills, Villa Park, Wabash County, Warrenville, Washington, Waterloo, Wauconda, Waukegan, West Chicago, West Frankfort, Westchester, Western Springs, Westmont, Wheaton, Wheeling, Willowbrook, Wilmette, Winfield, Winnetka, Winthrop Harbor, Wood Dale, Wood River, Woodridge, Woodstock, Worth, Yorkville, Zion, and more.