Chicago Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in the Chicago metro area? On this page you'll find a list of select bridge lenders for Chicago investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home, but if that's what you're seeking, use the filters to change the loan type to 'Residential Owner-Occupied' and you may find some alternative lending options.Searching...
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Lima One Capital
The Nation's Premier Lender for Real Estate Investors
EquityMax
No Appraisals | Rural Locations, Mobile homes, land and other unique properties considered!
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Yieldi
Direct, Reliable Lender for Investment Properties
Center Street Lending
Smarter Loans for Residential Investors
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
Kiavi
Servicing 18,000+ Real Estate Investors Across the Country
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
KECO Capital, LLC
Funding for Investors By Investors
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Chicago Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Chicago bridge loans in the 1st quarter of 2024 was 11.55%. The average loan amount was $330,901. These stats are the average of 177 short-term loans (including rehab and ground-up construction loans) funded for properties in Chicago between January 1, 2024 and March 31, 2024 by multiple bridge lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for bridge loans secured by residential investment properties in Chicago in the 1st quarter of 2024 was 10.97%. Lenders charged an average of 4.0% points (origination fee). The average LTV (loan-to-value) for bridge loans in Chicago was 57%, and the average loan amount was $331,430. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Chicago Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Chicago in the last 12 months from March 2024.
- Renovo Financial
- ROC Capital
- Constructive Loans LLC
- RCN Capital LLC
- Lima One Capital LLC
- Endeavor Capital LLC
- Kiavi
- Success Lending
- Velocity Commercial Capital
- American Heritage Lending LLC
Forecasa™ provides analytics data for Chicago bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
