New construction lenders Chicago, IL

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LendingOne – Best New construction lenders near Chicago

LendingOne is a Illinois private money lender offering short-term mortgage loans to real estate investors in IL - AuroraChicagoJolietNapervillePeoriaRockford. Get a private money loan for a property purchase, refinance, equity cash out, rehab or new construction purchase.

New construction lenders
Up to 85% of Project Cost

LendingOne New Construction Loans can provide the cash you need to grow your real estate investment property portfolio:

  • Competitive financing for investors, builders and developers for the acquisition, development, or construction of ground-up properties
  • Fast approvals and closings for new construction projects

Advantages of our New Construction Loans Chicago

  • Loans from $250K to $10M
  • 12-24 Month Interest Only
  • Spec Development Allowed
  • Fast Approvals and Funding
  • Interest Reserves Can Be Built In

Ready to get started on your new home construction loan?

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New construction lenders near Chicago, IL

Our New Construction Loans are perfect for real estate investors, builders and developers seeking competitive financing for the acquisition, development, or construction of ground-up projects. Working with LendingOne for new construction projects gives investors near Chicago, IL the flexibility and capital to cover up to 85% of the project cost from single-family homes to larger multifamily properties.

New Construction Loan Terms Chicago
  • Up to 85% of Project Cost
  • Loans from $500k to $5M
  • 12-24 Month Term – Interest Only
  • Spec development allowed
  • Redevelopment, conversion and condo loans also permitted
  • Negotiable release prices on multi-asset projects
  • Interest Reserves can be built in
  • Nationwide Footprint
  • Fast approvals and funding since we are a non-bank
  • Eligible Properties: Single-family detached, condos, townhomes, multi-family

Chicago Hard Money Real Estate Market

Foreclosure Rates for Chicago, IL

For investors interested in finding inexpensive deals in Chicago, IL for New construction lenders, consider properties in some state of foreclosure, are being sold at auction, or are currently bank-owned. Sometimes these can make for profitable projects to apply for with a New construction lenders Lender.

Get 5 Steps Closer To Growing Your Fix and Flip Business near Chicago

  • Advice on searching for a property to fix and flip
  • Ways to get organized before beginning
  • What to expect during the project
  • Recommendations for when you’re ready to sell
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Fix and flip tips free eBook

Sales Prices for Chicago

Investors looking to conduct a New construction lenders project in Chicago, IL should analyze what homes have sold for before making any decisions. Factors like days on the market, amount of available inventory, and home price appreciation will all affect what properties are currently being sold for in Chicago, IL.

Rental Prices for Chicago

For New construction lenders investors in Chicago, IL, rising rental prices are a good indication of how well the rental market is doing. Review what landlords are getting for average rents in order to make sure you are asking the appropriate amount for that area and are going to make enough monthly cash flow to cover expenses.

Driving Factors for the Chicago Real Estate Market

Education: Chicago is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the Chicago, IL area.
Economy: Chicago’s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Chicago Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.

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