Chicago Private Lending

TERMS

Loan Size



Loan Term



Interest Rate



Minimum Timeframe


Loan-to-Value


Insurance


Lien Position


Real Estate Taxes



$5,000 to $5,000,000 - Business loans only secured by non-owner occupied property


1 year balloon (extension are accepted as long as monthly payments are being made)


2.25% - 2.5% per month -  Interest only payments due monthly (property loans will pay prorated taxes each month as part of their payment)


4 Month Minimum


Up to 80%


Insurance will need to be secured at the time of the closing on the collateral


First lien only


Real Estate Taxes will be prorated on a monthly basis and will be built into the monthly payment