Hard Money Loans in Chicago, IL
Find lenders offering hard money loans in the Chicago, including Naperville, Schaumburg, Evanston, and surrounding areas. Compare rates, terms, and programs from 15 lenders.
Hard Money Lenders Serving Chicago
15 lenders offering hard money loans in the Chicago, IL area.
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.
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+.
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.
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.
Groundfloor
Atlanta, GA
Real estate lending platform offering fix-and-flip and bridge loans. Crowdfunding model provides competitive rates for borrowers.
Lending One
Boca Raton, FL
National direct lender for real estate investors. Fix-and-flip, bridge, and 30-year DSCR rental loans. $5B+ in originations.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
Park Place Finance
TX
Direct private lender with 17+ years experience. $1B+ in loans closed. Bridge loans for fix-and-flip, refinance, and cash-out.
RCN Capital
South Windsor, CT
Nationwide private lender for fix-and-flip, bridge, and rental loans. Fast closings and flexible terms.
Residential Capital Partners
TX
Hard money lender offering up to 85% LTV with no down payment option. Rates starting at 8.5%. Mixed-use, single-family, and multifamily.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
Tidal Loans
Houston, TX
Texas-based private money lender. Hard money, bridge, and DSCR rental loans for real estate investors nationwide.
Aloha Capital
HI
Private lender offering DSCR rental loans with up to 80% cash-out refinance. Also provides bridge and fix-and-flip financing for investment properties.
Temple View Capital
UT
Private lender offering DSCR rental loans, bridge financing, and fix-and-flip loans for real estate investors. Fast closings with flexible qualification criteria.
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.
Hard Money Loans in Chicago, Illinois
Hard money loans are short-term, asset-based loans primarily secured by real estate. Funded by private investors or companies rather than banks, they prioritize the property's value over the borrower's creditworthiness. Ideal for fix-and-flip, distressed properties, and deals that need to close fast. In the Chicago metro area, borrowers can access 15 lenders offering Hard Money financing, including Naperville, Schaumburg, Evanston, and surrounding areas. Loan amounts typically range from $50K to $10M with rates from 10% - 15%.
Who Should Consider Hard Money Loans?
- Fix-and-flip investors
- Distressed property acquisitions
- Borrowers with credit issues
- Deals requiring immediate close
Key Requirements
- Property as collateral (LTV 60-75%)
- Exit strategy
- Down payment or equity
- Property appraisal
Advantages
- ✓Fastest closing (days, not weeks)
- ✓Credit score less important
- ✓Flexible terms
- ✓Finance distressed properties
Considerations
- •Highest interest rates
- •Short terms
- •High origination fees (2-5 points)
- •Requires strong exit strategy
Hard Money Loans in Other Illinois Cities
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