Illinois Hard Money Lenders

Searching for a hard money lender in Illinois, but don’t know where to begin?

Sifting through private money lender websites can be tedious and time consuming.

To simplify the process, MoolahList created a hard money lender directory so real estate borrowers like yourself can easily find verified and licensed hard money lenders. 

Whether you need an estate loan for an inherited single-family home in Chicago, a construction loan for a new hotel in Aurora or extra capital for a condo you want to fix and flip project in Springfield, MoolahList is the fastest and safest way to find a lender to fund your real estate project. 

Illinois is home to 13 million residents and 11 Fortune 500 companies, making it a vital part of The U.S. economy.

Otherwise known as The Land of Lincoln, Illinois is full of history, culture and industry.

Top Illinois Hard Money Loans Summary

Full summary of Illinois hard money loan providers

Lender

MAX

RATE

LTV

$1m

7.75%

70%

$5m

10%

70%

$9m

4.99%

70%

The 3 Best Hard Money Lenders in Illinois

Peak Asset Lending

Peak Asset Lending is a direct bridge lender out of Kansas, they lend on residential properties in 25 states across America.

They provide asset-based loan's from $25k to $1mil and they only lend on non-owner occupied real estate investment properties.

They provide loans on purchases, refinances, rehabs, rehab to perms, new construction and cash-out refinances.

Before You Apply
  • Loan Amount: Minimum of $25,000
  • Interest Rate: Minimum of 7.75%
Best Features:
  • $156m in closed loans, 15 years experience
  • Specializes in non-recourse loans
  • Provides loans for a variety of purposes, including fix & flip, new construction, refinance and purchase

Yieldi

Connect. Borrow. Invest

Yieldi is a hard money lender located in Atlanta, Georgia lending locally and across 38 other states.

They fund real estate investments backed by real property such as a commercial or residential property.

They have a variety of different loan programs including mutli-family, bridge, construction, cannabis grow, note purchasing and even secure business advances.

Before You Apply
  • Loan Amount: Minimum of $50,000
  • Interest Rate: Minimum of 10%
Best Features:
  • Specialized commercial and residential loan programs
  • Allows customers to borrow & invest

Conventus Holding

Conventus provides business purpose loans for the purchase, renovation and rental of single and multi-family residential real estate.

They are a direct private money lender in over 20 states across America and have funded over $1 billion funded since inception.

Before You Apply
  • Loan Amount: Minimum of $150,000
  • FICO Score: Minimum of 620
  • Interest Rate: Minimum of 4.99%
Best Features:
  • Funds up to 85% of purchase price and up to 100% of rehab budget
  • Flexibility to borrow against one or multiple properties
  • Provides loans for owner occupied, partnership buyouts and custom business purposes

Illinois Hard Money Stats

Loan Amounts
$25k to $100m
Interest Rates
3.99% to 15%
Term Lengths
1 to 360 months
Origination Points
1 to 5 points
Loan to Value Ratio
60% to 100%
Loan to Cost Ratio
65% to 100%
Closing Time
1 to 25 days

States Nearby

Looking for a Hard Money Loan?

Select your state from the interactive map to find the best hard money lenders near you.
Whether you are looking for funding for a fix & flip, purchase, refinance or cash out, we have an extensive list of verified hard money lenders across the USA.
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