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.
Due to excellent market conditions, we are able to offer state-specific loan terms for the state of Illinois.
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.