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Updated about 4 years ago,
Community Banks (Illinois, Chicago or Suburbs)
Does anyone know a Community Bank or Credit Union based out of Illinois that offers a line of credit for real estate investors.
I am looking for a line that can be secured by an investment property. I am seeking a bank that requires little or no seasoning in order to pull money out.
If this is available, I am looking for a bank that loans off appraised value.
I am looking to do this with 3-5 properties. All properties are free and clear.
Thanks to everyone for your advice and input.
Joe