Illinois
Illinois Hard Money Lenders
Asset Based Lending (ABL) stands among the leading hard money lenders in Illinois providing direct lending services statewide with extensive experience from Chicago to Aurora since 2017.
ABL offers real estate investors 12-month interest-only bridge financing for fix and flip projects, new construction, and cash-out refinancing, along with term rental loans for buy-and-hold investors. Whether you’re a first-time flipper or an experienced investor, ABL delivers fast closings and flexible terms tailored to your real estate investment strategy.
The Best Private Hard Money Lenders in Illinois
Our team partners with the best title agents, appraisers, and attorneys in the Prairie State to ensure our borrowers have a smooth loan process from their first phone call to their final loan payoff.
Our streamlined hard money loan Illinois process requires just a credit score and liquidity proof—no extensive paperwork needed. With hundreds of five-star reviews and over 50% repeat business, real estate investors choose ABL because we’re invested in your success and are available to help you every step of the way.
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Fix and Flip Loans
Asset Based Lending stands as one of Illinois’ top hard money lenders, delivering swift closings and flexible fix and flip loans to maximize investor returns. Our Illinois hard money loans close within ten business days, providing up to 90% of purchase and 100% of renovation costs through 12-month interest-only terms. As experienced hard money lenders in Illinois, we structure these bridge loans to help investors fund both acquisition and rehab costs, with no prepayment penalties so they can quickly move to their next project.
New Construction Loans
As one of the leading hard money lenders in Illinois, ABL provides new construction loans funding up to 90% of land value and 100% of construction costs to experienced developers. Our Illinois hard money loans are structured to help builders acquire, complete, and sell projects through one streamlined process. We offer fast closings and flexible terms designed specifically for experienced builders looking to scale their development business in today’s competitive market.
Rental Loans
Asset Based Lending provides simple and reliable rental loans that allow real estate investors to buy and hold properties across popular Illinois markets. Our rental loans start as low as 5% with leverage up to 80% and various options to match your investment strategy. We provide rental loans for properties between 1-8 units across different housing types such as single family, multifamily, condos, town homes, and single apartments.
Why Choose ABL?
We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
Asset Based Lending, LLC was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently received praise from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our Pre-Qualification form to start the process.
