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Updated over 3 years ago,
Hard Money Loan - CHICAGO - URGENT
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!!!!