Recommendations for diligencing a loan in Chicago area

[Nikhil P.]

Hi,

I have been asked by a recent contact about my interest in taking on a short-term loan backed by a property in the Chicago area. The property is currently occupied and the owner plans to fix it up and sell after the tenant moves out. There is no appraisal; owner is offering to have a BPO done. Any recommendations for 1) brokers who could do the BPO (ideally I bring the broker to ensure Independence); and 2) an Illinois lawyer who will know the mechanics of setting this up? Thoughts on controlling the cost of the diligence vs the actual interest earned also appreciated. Thanks.