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.