Hard money loans are a popular form of financing option when hoping to get financing for the short term. It allows the borrowers to use the opportunity at hand and get good returns from it. No doubt, hard money loans can be a great option, but they come with higher interest. This is why you must research the hard money lenders in Illinois well. It will help you understand the available deals and the right interest rate. Thus, you will get the best loan terms.
Best hard
money lenders
1. Lima One Capital
The organization typically offers private money lending products for fix and flip, construction loans, bridge loans, multi-family, and others. They are one of the most reputed ones to get the financing option. Herein you can find the loan terms between 12, 19, and 24 months.
2. Private capital investors
They are amongst the best hard money lenders in Illinois. They provide exceptional services to clients. They have a team of experienced professionals. They are prepared to serve the customers' needs and help them get a great term that fits well with their requirements. Besides, they also have got a lower interest rate policy available. So choosing them can be worth saving money.
3. Easy Street Capital
They have over six of experience in the industry. One can find loans for fix and flip, renovation, etc., with them. Besides, the best part is one does not require any minimum credit for the loan.
4. House Max Funding
They offer asset-based loan financing options to investors, and generally, you can get about 75% of LTV with them. They specialize in fix and flip loans, rental, and construction loans. But they can also provide financing for commercial and multi-family.
5. Fund that flip
The company is
more focused on short-term bridge loans for flip properties. Here you can
easily get the construction loans at a lower interest rate.
Conclusion
