Home Buying in Chicago>Question Details

slishmov, Home Buyer in Chicago, IL

Does anyone know any hard money lenders in Chicago for owner occupied properties?

Asked by slishmov, Chicago, IL Mon Apr 1, 2013

Looking for some information where to find a hard money lender/broker in Chicago, IL for an owner occupied SFH property.

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Answers

8
Many hard money lenders don't like to do owner occupied loans because there are more regulations involved and extra paper work. You may have to do a fair amount of searching.
0 votes Thank Flag Link Fri Mar 13, 2015
Chicago Hard Money Lender
http://www.fairviewlending.com/Chicago_Hard_Money.htmFairview Lending has carved out a unique niche focusing on hard money loans in and around the Chicago metro area.
0 votes Thank Flag Link Tue Apr 2, 2013
Silshmov,

Kennedy Lending (855)677-6576

Chicago Bridge Loan (773) 245-6265

Best of Luck
0 votes Thank Flag Link Tue Apr 2, 2013
Dear Slishmov,

I'd try Daniel Rosen at Renovo Financial. There are what I'd call an alternative to hard money lending, but they've got some very useful programs for both owner occupants and investors.

You can try Daniel at either 847-347-4781 or drosen@renovofinancial.com.

Good luck.


--
Sincerely,

Christopher Thomas
Broker Associate, Keller Williams Realty Chicago Consulting Group
716 E. 47th St. Chicago, IL 60653
(773) 770-5947 (cell) (312) 577-0985 (fax)
cthomas@kw.com
http://www.myagentchris.kwrealty.com
0 votes Thank Flag Link Tue Apr 2, 2013
Hello Slishmov,

Yes I do actually. I do not know all their specific requirements but can give you contact info. Please contact me at your convenience and I will give you more details.

Many thanks.

Ian Halpin / Broker
Jameson Sotheby’s International Realty
425 W. North Ave. / Chicago, IL 60610
O: 312.335.3220 / F: 312.229.9190 / C: 773.531.4479
ihalpin@jamesonsir.com | http://www.jamesonsir.com
0 votes Thank Flag Link Tue Apr 2, 2013
There really isnt any of these right now.
0 votes Thank Flag Link Mon Apr 1, 2013
It will be hard if not impossible to find a hard money lender for loans that originate in Illinois; for homes where the owner is occupying. The state has passed a ton of new laws concerning how mortgages for owners can be handled. Not going to go through the laws seeing that I am not a lawyer. Just ask a local lender or attorney. Loaning money under hard money terms to an owner occupant can cause the lender all sorts of headaches.

Al Dobbs
224-234-4403
0 votes Thank Flag Link Mon Apr 1, 2013
Chicago Bridge Loans
773-245-6265

Renovo
312-243-3288

GMA Funding
855-864-2750
0 votes Thank Flag Link Mon Apr 1, 2013
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