Fix-and-flip
Buy it, fix it, sell or refinance it.
- Purchase plus rehab in one loan
- Rehab funds released in draws as work is completed
- Paid off by sale or refinance
Private money for real estate investors
Fix-and-flip and bridge loans for Illinois investors.
Private (hard money) loans on investment property, in Chicago, across Illinois, and beyond. Send the address, the numbers, and your exit. We answer on the deal.
Business-purpose loans only. No primary residences.
Two loans. Built around the deal.
Every loan is sized to the property and your exit. Terms are set after review and subject to underwriting.
Bridge
Fast money when rehab isn't the point.
- Purchase, refinance, or cash-out on investment property
- Paid off by a sale or a later refinance
We don't publish a rate. Pricing depends on the property, the leverage, and your experience. Send the deal and you'll get a real answer, not a teaser rate. Subject to underwriting.
How it works
Four steps. No runaround.
- Send the deal. Address, price, rehab budget, and how you'll pay the loan off.
- Get an answer. We review the property and the exit and reply with a yes, a no, or the questions we need answered.
- Term sheet. If it fits, you get proposed terms in writing. Then the file goes through underwriting, including title.
- Close and build. If the loan includes rehab, those funds are released in draws as work is completed. Subject to underwriting.
Why investors send us deals
- We read the deal, not a checklist. The property and the exit drive the decision.
- A straight answer. Yes, no, or what's missing.
- Chicago, the suburbs, and across Illinois. The property does not have to be in Illinois.
- No minimum deal count. First flip or fiftieth, send it.
- Clear costs. Rate, points, and fees are on the term sheet before you commit.
Who we lend to
- Fix-and-flip investors, first-time and experienced
- Landlords who need a bridge before refinancing
- Buyers who need to close on a contract
- Investors pulling cash out of a property they own
What we don't do: owner-occupied homes, primary residences, or consumer loans of any kind.
Questions
- Is this for a home I'll live in?
- No. We make business-purpose loans on investment property only. We don't finance a primary residence or a second home you'll occupy.
- The property is under contract, but I don't own it yet. Can I send it?
- Yes. That's the best time. Send the contract price, the address, and your closing date.
- Do I need flips under my belt?
- No. There's no minimum number of past deals. Experience can affect terms, so tell us what you've done.
- What do you look at first?
- The property, the price, the rehab budget, and your exit. Credit, experience, and liquidity matter too.
- How do rehab draws work?
- Rehab money is held back and released in draws as work is completed.
- Why don't you publish a rate?
- Because pricing depends on the deal. Leverage, property, and experience all move it. Send the deal and you'll get actual terms, in writing, before you commit.
- Do you lend outside Illinois?
- Yes. The property does not have to be in Illinois. Send it and we'll tell you whether we can lend there.
Have a deal? Send it.
Address, price, rehab, exit. We'll tell you if it works.