Illinois Bridge Lenders for Residential Properties
A list of lenders offering bridge loans for an Illinois residential property purchase. Most private mortgage lenders only offer loans for investment or business purpose. Some will consider a primary residence bridge in which a homeowner uses equity in one home to buy another. Change the loan type to "Residential Owner-Occupied" for more options.Searching...
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Lima One Capital
The Nation's Premier Lender for Real Estate Investors
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
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
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
KECO Capital, LLC
Funding for Investors By Investors
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Illinois Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Illinois 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 Illinois 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 Illinois 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 Illinois 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 Illinois Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Illinois 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 Illinois bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.