We Fund Residential and Multifamily Rehab loans, ground up construction, bridge loans, DSCR Rental for single and portfolio properties.

Property Geographic Area Details
We lend nationwide, Except, Arizona, California (some programs are available in California), Minnesota, Nevada, North Dakota, South Dakota, Vermont and Oregon.
Loan Amounts
$100,000 to $4,000,000
Interest Rates
6.75% to 13%
Loan Terms
9 months to 360 months
Origination Fees
1% to 3%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 80%
Max LTP Multifamily: 80%
Purchase Long-Term
Max LTP Residential: 80%
Max LTP Multifamily: 80%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 80%
Max LTV 1st Lien Multifamily: 80%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 65%
Refinance Long-Term
Max LTV Residential: 80%
Max LTV Multifamily: 80%
Residential Fix & Flip
Max LTP: 90%
Max LTC: 90%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 90%
Max LTC: 90%
Max LTARV: 75%
Multifamily Value-Add
Max LTP: 80%
Max LTC: 80%
Max LTARV: 70%
Residential Construction
Max LTP Land: 75%
Max LTC: 80%
Max LTCV: 75%
Multifamily Construction
Max LTP Land: 75%
Max LTC: 85%
Max LTCV: 70%

Property Types

  • 2-4 Units Residential
  • Mixed-Use
  • Multifamily
  • Portfolio of Residential Properties
  • Single Family Residence

Minimum Loan Amount

$100,000

Maximum Loan Amount

$4,000,000

Minimum Interest Rate

6.75%

Maximum Interest Rate

10%

Minimum Origination Fee

1%

Maximum Origination Fee

2%

Minimum Loan Term

360 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

80%

Minimum Debt Service Coverage Ratio

1.00

Minimum Credit Score

680

Will Lend on a Portfolio of Properties

Yes

Minimum Number of Properties

5

Maximum Number of Properties

30

Minimum Property Value

$100,000

Underwriting Fee

$999

Processing Fee

$350

Documents Fee

540

Escrow Fee

3rd Party fee paid to vendor at closing

Title Fee

3rd party fee paid to vendor at closing

Credit Report Fee

24.95 first deal

Appraisal Fee

$600 plus depending on loan type and property type

Renovation Construction Draw Fee

$from $150 to $250

Fees which are mandatory for all new borrower clients

  • Credit Report Fee

Fees which are paid to a third party company

  • Escrow Fee
  • Title Fee
  • Renovation or Construction Funds Draw Fee

Details and Requirements

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
Credit Check Required

yes

Appraisal Required for Residential Property

Appraisal Required for Commercial Property

Broker Price Opinion (BPO) Accepted for Residential Property

Broker Price Opinion (BPO) Accepted for Commercial Property

Contact FBC FUNDING

FBC FUNDING pays us to be listed, so there is no fee to connect with them directly.
(888) 848-3114 (888) 848-XXXX
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FBC Funding of Chicago, Illinois has been your devoted hard money and rehab lender for since 2010! We offer reliable loan programs for residential, multifamily, mixed use real estate investors. Our programs include rehab, hard money, fix and flip, bridge, new construction, DSCR rental for single properties and portfolios loan programs. We make the process of real estate investment funding fast and easy. We enable clients nationwide with income-producing properties to receive funding quickly with our simplified loan process. We lend not just Chicago, Illinois, We lend in the greater Chicago Area and We lend in 43 states nationwide. Special programs include advance draws for experience investors, payments rolled into the loan, interest on adrawn amount option, first time investors welcome.

Company Size (Number of Employees)

5

Year Established

2010

Primary Capital Source
  • Other Private Lending Companies
  • Hedge Funds
  • Life Insurance Companies
Loan Structure for Majority of Loans
  • Table Funding with Capital Partner
  • Table Funding with Bank
Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Contact FBC FUNDING

FBC FUNDING pays us to be listed, so there is no fee to connect with them directly.
(888) 848-3114 (888) 848-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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Contact This Lender

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(888) 848-3114 (888) 848-XXXX
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • Fix and Flip Residential and Multifamily
  • Bridge Loans Residential and Multifamily
  • Ground up Construction Residential
  • DSCR Rental Loans up to 9 units
  • DSCR Portfolio Loans

Not Available

  • No Land Loans
  • No 2nd Mortgages
  • No Commercial Properties
  • No Rural Properties

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