Illinois

Reliable & Fast 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.

We focus on the asset rather than traditional lending criteria, making our Illinois hard money loans accessible to investors of all experience levels, from first-time flippers in Aurora to seasoned Chicago professionals. Our hard money lending programs in Illinois improve with your experience – offering better terms as you complete more projects with us. We provide flexible underwriting with options like zero points, maximum leverage, or lowest interest rates to align with your investment strategy, making us the preferred hard moneylender in Illinois for real estate investors.

Hard Money Loans For New Construction

Illinois faces a critical housing shortage, with hard moneylenders like ABL stepping in to address the inventory gap through new construction financing. The Chicago metro area remains one of the most underbuilt markets, showing a 15% year-over-year decrease in new listings. With only a two-month housing supply available in Illinois, experienced builders partnering with hard moneylenders have an opportunity to meet this growing demand.

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. These hard money loans in Illinois offer fast closings and flexible terms designed specifically for experienced builders looking to scale their development business in today’s competitive market.

Rental Loans For Illinois Real Estate Investors

Investing in rental property has become one of the most popular and accessible real estate investments, as it has a lower barrier to entry cost and is achievable for investors of all experience levels. 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 multifamily, condos, town homes, single apartments, etc. ABL can work with you around your investment strategy to ensure that you receive a rental loan that matches your business plan.

These rental loans are designed for investors utilizing the BRRRR strategy, whether you’re just starting out with your first rental property or you have a current portfolio that you’re looking to expand. With a single loan cap of $3M  and portfolio loan cap of $3M, we can help investors who are at different points of their investment business. ABL rental loans can be used for various lease lengths as well, meaning investors could use these as Airbnb loans if that matches their end goal. If you’re ready to grow your real estate business with our Illinois rental loans, and our Chicago hard money loans, contact us today.