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Updated over 2 years ago,
Recommendations for a hard money lender in Illinois?-New investor
Hey guys,
I was hoping someone would be able to recommend me a hard money lender in Illinois(I'm in chicago). I don't have experience, and currently looking to do a fix and flip on single family homes. I'm shadowing a friend of mine who's been doing this for years, he's going to be the one that is going to be guiding me through mostly everything on my first property investment so i'm not going in blind here. I was hoping if anyone had any recommendations for a hard money lender that would work with someone with no experience? I have high credit(730+) and enough savings to cover rehab and downpayments. I'm also looking for a loan provider that preferably doesn't have any prepayment penalties. I don't have any property i'm committed to right now, wanted to ensure I could get pre-approved first before committing to sending out offers, looking to purchase a property that range anywhere between $70k- $250k. Hope this information is of use.
Thank you!