Illinois Purchase And Rehab Lending

Loan Program # 1

TRTY        Chicago Area Only
AMNT       $50k – $5M
LTV          65% ARV up to 100% LTC
INT          14%
PTS         4
TRM         6 – 8 months
PPP         No
Properties: 1 – 4 units and larger apartment buildings
Lender has Borrower escrow all loan payments at closing
Lender has Borrower escrow 6 months PITI of future end loan
1. Term can be up to 10 months, need Lender to know
2. At closing, Borrower gives term of loan in payments to be put in escrow
(example: 7 month loan, 7 months into escrow
3. Lender looks at all loans as exit strategy refinances
Lender qualifies Borrower for end loan as part of underwriting
Lender has Borrower bring to table 6 months PITI of end loan payments


Loan Program # 2

TRTY        Chicago Only
AMNT       $20k – $5M
LTV          70% ARV (Up to 100% LTC)
INT          24 – 36%
PTS          1
TRM          6 – 12 months
PPP          4 month guarantee
Property: 1 – 4 units, Commercial, Apartment Complex, Condos


Loan Program # 3

Territory          Chicago
Amount            $50k – $400k
LTV                 80% of purchase and rehab (but max is 65% of LTV)
INT                 18 – 24%
PTS                 5 (min of $2,500)
TRM                12 months
PPP                 4 months guaranteed
CRDT               600

Will do JV


Loan Program # 4

Refinance Only Lender
TRTY           Chicago Area Only
AMNT          $25k – $1M
LTV             60 – 70%
INT             12 – 20% (15%)
PTS             5
TRM            12 – 24 months
PPP             3 month guarantee