Bridge Loan Illinois
CambridgeHomeLoan.com is #1 commercial bridge loan lender in Illinois. We have gained our reputation as the fastest and most efficient bridge loan lenders in Illinois by providing exceptional service and a product mix to insure that our investors can exceed their investment expectations. Bridge loan illinois for your fix and flip, rent up, ground up construction or just looking to stabilize or close fast prior to refinancing, One of CambridgeHomeLoan.com bridge loan products can help. Submit your scenario today for review.
Bridge Loan Illinois
Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
Bridge Loan Application
Bridge Loan Illinois
We provide a Fast Close for Investment Properties and Commercial Real Estate. Fix and Flip, Fix to Rent, Multifamily, Commercial real estate.
We have Purchase, Refinance and Cash out Refinance programs available. Hard money Loan programs can finance up to 90% of the acquisition on fix To flip/Fix to rent and 85 – 100% LTC of commercial real estate and multifamily value added acquisition.
We provide 100% of the construction costs. For all of your hard money needs, contact us today! Great Rates! Fast Close!!
Once completed we can refinance into a 30 year loan at low rates!
Commercial Real Estate Bridge Loans
* Commercial Value Added Properties: Up to 100% of the purchase, 100% of the Rehab. Up to 75% of as repaired value.
* Multifamily Value Added Properties (See Above) or 87% LTC.
* Commercial Real Estate Financing: Conventional Purchase, Refinance, Cash Out Refinance
Loans Custom Built for Real Estate Investors
Whether you buy and hold, fix and flip, or build to rent, cambridgehomeloan.com has the capital for your investment needs
The nations #1 Lender for Fix and Flip and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs to 100% LTC for Value add commercial projects!
100% Financing For Value Add Commercial Real Estate
Don’t give away your profits to investors.
Fund 100% of your real estate project in Illinois, No equity participation required!
* 100% of Purchase and 100% of Rehab Costs!
* Loans from $1-$35 million
* No monthly payments!
What is needed to qualify”
Value added real estate project, decent credit, experience!
Commercial bridge loans in Colorado allow buyers to purchase at much higher leverage, giving them time to finish construction or stabilize their tenancy in order to refinance at the best long term rates available. When ready our affiliate CambridgeCapital.org can help you with your long term financing at the lowest available rates in the industry.
How Does A Bridge Loan Work in Illinois?
A Bridge loan is a way for you to borrow money for real estate without using traditional mortgage lenders. Instead, the funds come from investors who lend money based primarily on the property you’re using as collateral.
Traditional mortgage loans require proof that you can comfortably repay the debt. Lenders often review your credit scores and any income available to evaluate your creditworthiness. If you have plenty of income, savings, or can get another collateralized loan you might not need to worry.
Bridge Loan lending is currently a very efficient way to close quickly and provide high leveraged capital at reasonable rates.
Bridge loans are generally short-term loans, lasting from 1,2 or three years. You use them as a quick way to get money for a purchase. However, you wouldn’t want to keep one of these loans for an extended period because interest rates for hard money are typically relatively high.
Benefits of a Bridge Loan in Illinois
Bridge Loans Are Approved And Funded Quickly
Real estate investors who haven’t previously used Bridge Loans are amazed at how quickly a bridge loan is funded compared to banks. Bridge loans can be funded with 3-5 days if needed. Compare that with 45+ days it takes for a bank to fund. This speedy funding has saved numerous real estate investors who have been in escrow only to have their original lender pull out or simply not deliver. It is also ideal for real estate assets that have a rehab component. There are perfect situations for a bridge lender to step in, provide financing quickly and save the deal.
Bridge Loans Have Few Requirements
Banks also have a list of issues that will raise a red flag and prevent them from even considering lending to a borrower such as recent foreclosures, short sales, loan modifications, and bankruptcies. Bad credit is another factor that will prevent a bank from lending to a borrower. Most banks will not lend to a borrower who already has 4 mortgages even if the borrower’s credit is perfect with no other issues.
Bridge Loans Provide Funding For Projects That Cannot Be Financed Elsewhere
Bridge Loans provide many loans to commercial real estate assets that conventional lenders such as banks have no interest in financing. A good example of this is a fix and flip loan. These projects involve a real estate investor purchasing a property with a short term loan so that the investor can quickly make the needed repairs and updates and then sell the property. In most cases, the real estate investor only needs a 12 month loan. A 12 month term doesn’t work with a bank’s business model.
Illinois is a midwestern state bordering Indiana in the east and the Mississippi River in the west. Nicknamed “the Prairie State,” it’s marked by farmland, forests, rolling hills and wetlands. Chicago, one of the largest cities in the U.S, is in the northeast on the shores of Lake Michigan. It’s famous for its skyscrapers, such as sleek, 1,451-ft. Willis Tower and the neo-Gothic Tribune Tower. Some of the many things Chicago is famous for are: Chicago-style hot dogs, Chicago-style (deep dish) pizza, Maxwell Street Polish Sausage, jazz music, and 1920s gangsters, for example Al Capone. Chicago is also known for architecture, for example the Sears Tower and museums. It is also known for its loyal sports fans. For one, it’s by far the most ethnically diverse city in the midwest, which gives you a vibrant culture with some of the best food ever. Not to mention, it’s home to tons of professional sports teams… The Black Hawks, The White Sox, The Bulls, The Cubs, and The Bears. We know, we had to do a double take too.
We are serving all the locations of Illinois including Chicago, Aurora, Naperville, Rockford, Joliet, Springfield, Peoria, Elgin, Champaign, Waukegan, Cicero, Bloomington, Arlington Heights, Bolingbrook, Evanston, Schaumburg, Decatur, Palatine, Skokie, Orland Park, Des Plaines, Tinley Park, Oak Lawn, Berwyn, Normal, Mount Prospect, Wheaton, Oak Park, Hoffman Estates, Downers Grove, Glenview, Elmhurst, Plainfield, Lombard, DeKalb, Urbana, Belleville, Moline, Bartlett, Buffalo Grove, Quincy, Chicago, Aurora, Naperville, Rockford, Joliet, Springfield, Peoria, Elgin, Champaign, Waukegan, Cicero, Bloomington, Arlington Heights, Bolingbrook, Evanston, Schaumburg, Decatur, Palatine, Skokie, Orland Park, Des Plaines, Tinley Park, Oak Lawn, Berwyn, Normal, Mount Prospect, Wheaton, Oak Park, Hoffman Estates, Downers Grove, Glenview, Elmhurst, Plainfield, Lombard, DeKalb, Urbana, Belleville, Moline, Bartlett, Buffalo Grove, Quincy
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