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Illinois Fix & Flip / Bridge Loans

Fix and Flip Lender in Illinois

CoreVest works with seasoned real estate investors on funding fix and flip loans / bridge loans for Illinois distressed properties. With a bridge loan from CoreVest, investors can get access to funds immediately with loans up to 80% of cost. Whether you need fix and flip financing for single family rentals, condos, townhouse or multi-family units, CoreVest is your leading lender in the state of Illinois.

With our fix and flip credit line, you can have reliable funding to purchase new rental properties or refinance your existing portfolio of investments. When you need access to capital quickly, this product might be the answer for your next loan. The Illinois market is booming right now and many fix and flip investors have successfully leveraged their capital with CoreVest. CoreVest is a fix and flip lender in the state of Illinois with over $3 billion in loans closed since the companies existence.

CoreVest actively lends fix and flip bridge loans for rental properties throughout IL – Aurora, Peoria, Rockford, Joliet, Naperville, Chicago and all other major cities in Illinois.

Bridge Loans Custom Built for Illinois Investors

Whether you buy and hold or fix and flip in Illinois, CoreVest has the capital for your investment needs

Broker Loan, Credit Line

Credit Line

  • 1-500+ properties

  • Single-family, 2-4 units, condos, townhomes, multifamily

  • $100K - $50M

  • Up to 90% of cost

  • Fixed and floating rate options

  • 18-24 month terms

  • Revolving credit options available

  • Renovation financing available

  • Foreign nationals eligible

  • Nationwide lending
Single Project

Single Project

  • Individual properties

  • Single-family, 2-4 units, condos, townhomes, multifamily

  • $150K - $25M

  • Up to 90% of cost

  • Fixed rates

  • 12-24 month terms

  • Purchase or refinance

  • Renovation financing available

  • Foreign nationals eligible

  • Nationwide Lending

Questions About The Illinois Market?


Ian Hardcastle
Illinois Sales Manager
E: ian@cvest.com
P: 860.604.0328

Illinois Rental Market Trends
  • Illinois has the 6th highest rent in the nation.
  • Avg. Rent in Illinois is $1300/month
  • Unemployment Rate in Illinois recently fell to 4.7%
  • Greatest rental demands are higher-density townhomes, condominiums and rentals near mass transit.
  • Chicago is the most expensive rental zip code with an avg. of $3,401/month

Illinois Rental Market Updates

Illinois Rental Property Loans - Frequently Asked Questions

What Property Types does CoreVest Finance lend on in Illinois for investment properties?
We lend on single family homes, condos, townhouses, 1-4 unit residences and small multi-family assets.

What are CoreVest Finance’s Fix & Flip Rates for Illinois?
CoreVest Finance in Illinois has interest rates starting at 5% for investment property rental loans. Rates vary due to investor’s past history and experience. For current Illinois rates, give us a call.

Does CoreVest finance rehab expenses and ground up construction in Illinois?
We finance certain Illinois rehab expenses under our Fix and Flip Bridge Loans. We also offer Ground Up Construction loans to qualified investors throughout IL.

What is the minimum number of rental properties needed for a Rental Portfolio Loan in Illinois?
For our Rental Portfolio Loan, we require a minimum of 5 properties. We also offer a single asset rental loan on individual properties in Illinois.

What is the minimum/maximum loan amount for investment rental loans in Illinois?
CoreVest Finance rental loans vary from $100,000 – $50 Million.

What is my turnaround time for an application?
We usually respond back to potential Illinois borrowers with a term sheet between 2-7 days.

How long will it take my Loan to close?
Most of our Illinois Rental Loans close within 4-6 weeks. Our Bridge Loans typically close within 3-4 weeks.

Why Partner with CoreVest to Fund Your Next Rental Loan?

Experienced – we know your business.

We have partnered with thousands of borrowers to finance residential investment properties across the nation.

Efficient – we get the deal done.

Our streamlined closing process and dedicated support allows you to focus on your business, not our paperwork.

Efficient – we get the deal done.

Our streamlined closing process and dedicated support allows you to focus on your business, not our paperwork.

Fix & Flip Loan Reviews from Investors

[mpc_testimonial preset=”mpc_preset_36″ layout=”style_2″ author_font_preset=”mpc_preset_37″ author_font_color=”#333333″ author_font_size=”16″ author_font_line_height=”1.6″ author_font_align=”left” author=”Bruce and Chris” url_font_preset=”preset_2″ url_font_color=”#333333″ url_font_size=”16″ url_font_line_height=”1.6″ url=”||target:%20_blank|” testimonial_font_preset=”preset_3″ testimonial_font_color=”#333333″ testimonial_font_size=”16px” testimonial_font_line_height=”1.6″ testimonial_font_align=”left” thumbnail=”5692″ thumbnail_size=”150×150″ thumbnail_border_css=”border-radius:100px;” thumbnail_padding_divider=”true” thumbnail_padding_css=”padding-bottom:10px;” padding_divider=”true” padding_css=”padding-bottom:0px;” margin_divider=”true” margin_css=”margin-bottom:0px;”]”CoreVest and their team have been a large part of our success. We highly recommend any investor looking to expand their holdings consider term loans and long term financing opportunities with CoreVest. Their rates, service and support are second to none. They are a valued member of our team.”[/mpc_testimonial]
[mpc_testimonial layout=”style_2″ author_font_preset=”mpc_preset_37″ author_font_color=”#333333″ author_font_size=”16″ author_font_line_height=”1.6″ author_font_align=”left” author=”Adam” testimonial_font_preset=”preset_2″ testimonial_font_color=”#333333″ testimonial_font_size=”16″ testimonial_font_line_height=”1.6″ testimonial_font_align=”left” thumbnail=”5693″ thumbnail_border_css=”border-radius:100px;” padding_divider=”true” padding_css=”padding-bottom:0px;” margin_divider=”true”]”CoreVest has been great from start to finish. Ali and Jen are always accessible, responsive and make things happen. What I love about CoreVest is that they understand the real estate market, which means I never have any problems with my transactions; they go out of their way to make my life easier. They not only offer great rates but superior customer care, above anywhere else I have experienced.”[/mpc_testimonial]
Illinois Fix and Flip Market Rates from CoreVest Finance
Types of PropertiesSingle family homes, Condos, Townhouses, 1-4 unit residences, Small multi-family assets
Loan Amount$100,000 to $50 million
LTVStarts at 75%
Interest RatesStarts at 5%
Minimum Qualifications / DocumentationCredit score: at least 620, Borrower must be a business entity, Call for more details
Other Financing AvailableRental Portfolio Loan, Single Asset Rental Loan, Bridge Loans, Fix and Flip Credit Line, Rental Aggregation Line, Single Asset Bridge Loan
*Exceptions may be granted due to borrower history and experience. Call for details.

"It’s an honor and a privilege to help real estate investors in New Jersey fund their next deal. I have experience working in the New Jersey market for many years and can help answer any questions you might have about the local real estate market.”

– Ian Hardcastle, Illinois Relationship Manager, CoreVest

This image is featured on CoreVest's Illinois Investment Property Loan Webpage. For more information on Investment Property Rental Loans in Illinois, Contact Ian Hardcastle of CoreVest.

For more information on Illinois fix and flip loans, please call Ian Hardcastle at 860.604.0328, fill out the form below or email ian@cvest.com.

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