8,000 SQ FT 8 Unit – Purchase & Renovation

Hard Money Loan Chicago

Property Location: Chicago, IL

Property: Value: 450,000

Loan Amount: $220,000

Interest Rate: 12%

We were able to assist these Canadian investors with the acquisition and renovation funds for this 8 unit in Chicago. Borrower brought a sizeable down payment and has done business with T&M in the past. We allowed them 24 months to finish renovation, season the property and refinance conventionally.