Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

35
Posts
12
Votes
Stone Timber
  • Investor
  • Chicago, IL
12
Votes |
35
Posts

Hard Money Loan - CHICAGO - URGENT

Stone Timber
  • Investor
  • Chicago, IL
Posted

Hi all

Been a while I posted on here.  Life.

A deal I've been working on for close to 3 months is suddenly falling apart and I am in 'desperate' need of a hard money lender that operates in the Chicago area.

The property is a 2-unit owned free and clear that was bought three years ago (around the time I made my last post!) and has sat empty for that entire period (another story for another post). ARV from a recent appraisal is $190,000 and needs repairs in the region of $70,000 - a complete rehab. I have scope of work, contractors, etc., ready and waiting.

Looking for recommendations, referrals, and/or suggestion of lenders that can move pretty fast without any drama or false expectations as I am currently experiencing.  With that said, there are conditions that will factor into this financing, and this can be turned around in about 8 weeks.

Help Please!!!!

Most Popular Reply

User Stats

6,062
Posts
5,107
Votes
John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,107
Votes |
6,062
Posts
John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Stone Timber You might try reaching out to @Vincent Pace. His company can close quickly, and he is scaling up in Chicago right now. 

Loading replies...