Bridge Loans in Chicago, IL
Find lenders offering bridge loans in the Chicago, including Naperville, Schaumburg, Evanston, and surrounding areas. Compare rates, terms, and programs from 42 lenders.
Bridge Lenders Serving Chicago
42 lenders offering bridge loans in the Chicago, IL area.
Cushman & Wakefield
LocalChicago, IL
Global CRE services firm with extensive capital markets and financing capabilities across all commercial property types.
JLL Capital Markets
LocalChicago, IL
Global commercial real estate services firm. Debt placement, equity advisory, and investment sales across all property types.
PNC Bank, National Association
SBAWILMINGTON, DE
One of the largest U.S. banks, offering SBA 7(a) and 504 loans, commercial real estate, equipment financing, lines of credit, and comprehensive treasury management. Full-service business banking across the eastern United States.
Acore Capital
New York, NY
Commercial real estate finance company providing bridge, mezzanine, and preferred equity. $20B+ in originations. Institutional-quality deals.
Anchor Loans
Thousand Oaks, CA
One of the largest hard money lenders in the US. Fix-and-flip, bridge, and rental loans. Fast closings with competitive terms for experienced investors.
Arbor Realty Trust
Uniondale, NY
Major CRE lender and REIT. Bridge, permanent, and agency financing. Specializes in multifamily and commercial properties.
Berkadia
Ambler, PA
Joint venture of Berkshire Hathaway and Jefferies. Commercial mortgage banking, investment sales, and servicing.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
CBRE Capital Markets
Dallas, TX
Global CRE services and capital markets. Arranges debt and equity for all commercial property types.
Civic Financial Services
Redondo Beach, CA
Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.
Constitution Lending
NJ
Hard money lender focused on new investors. Fix-and-flip and bridge loans with 9.5-12% rates. No experience required. Up to 90% LTV for renovation.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
Easy Street Capital
Austin, TX
Investment property lender specializing in fix-and-flip, bridge, and DSCR rental loans. Loans approved in 24 hours, close in 48 hours. Min credit score 600.
Greystone
New York, NY
Full-service commercial real estate lending platform. Agency, bridge, mezzanine, and permanent financing. Top Freddie Mac and FHA lender.
Groundfloor
Atlanta, GA
Real estate lending platform offering fix-and-flip and bridge loans. Crowdfunding model provides competitive rates for borrowers.
Chicago Commercial Real Estate Market
Chicago is the third-largest commercial real estate market in the U.S., with a downtown Loop and River North office market totaling over 150 million square feet, a sprawling suburban office landscape across the I-88, I-90, and Lake County corridors, and one of the nation's largest industrial markets centered on the I-55 and I-80 logistics corridors. Fulton Market/West Loop has emerged as the city's premier tech and creative office district, attracting Google, McDonald's relocated headquarters, Salesforce, and numerous venture-backed startups. The city's unmatched rail and intermodal infrastructure — six Class I railroads converge here — makes the Chicagoland industrial market essential for national distribution networks. The South and West Loop have seen substantial mixed-use and residential conversion as older office buildings adapt to changing demand.
Key Economic Drivers
- ●Fulton Market/West Loop tech and creative office cluster with Google and McDonald's HQ
- ●Six Class I railroad convergence and I-55/I-80 intermodal logistics hub
- ●O'Hare Airport modernization and adjacent suburban office and industrial parks
- ●Life sciences corridor expanding from the Illinois Medical District through University of Chicago
Market Insight
Cook County assesses commercial property at a 25% level of market value compared to 10% for residential, and when combined with the state equalization factor and local school district levies, effective commercial property tax rates in some Chicago neighborhoods exceed 4% of market value — among the highest in the nation.
Bridge Loans in Chicago, Illinois
Commercial bridge loans provide short-term financing (typically 6-36 months) to acquire, renovate, or stabilize a property before securing permanent financing or selling. They close fast and offer flexibility that traditional loans can't match. In the Chicago metro area, borrowers can access 42 lenders offering Bridge financing, including Naperville, Schaumburg, Evanston, and surrounding areas. Loan amounts typically range from $250K to $50M with rates from 8% - 12%.
Who Should Consider Bridge Loans?
- Value-add acquisitions
- Renovations before refinance
- Properties not yet stabilized
- Time-sensitive deals
Key Requirements
- Clear exit strategy (refinance or sale)
- Sufficient equity or down payment
- Property with upside potential
- Borrower experience (preferred)
Advantages
- ✓Extremely fast closing
- ✓Flexible underwriting
- ✓Interest-only payments
- ✓Finance properties conventional lenders won't touch
Considerations
- •Higher interest rates
- •Short term requires exit strategy
- •Origination fees (1-3 points)
- •Prepayment penalties possible
Bridge Loans in Other Illinois Cities
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