Illinois Multifamily Loans

Private Multifamily Lender in Illinois

Multifamily loans can help take your real estate investing needs to the next level. Whether you are financing townhomes, condos or student housing or looking to refinance a multifamily portfolio of real estate assets, CoreVest can help. CoreVest has experience working with multifamily real estate investors throughout the state of Illinois.

As Illinois’s multifamily real estate market continues to explode, more and more investors are capitalizing on low entry real estate purchases. Obtaining capital from a traditional bank will only get you so far. As a private multifamily lender, CoreVest can open up your opportunity to invest in more Illinois multifamily properties.

CoreVest Finance is the leading private lender for multifamily loans in Illinois with a total of over $6 billion in loans closed in company history.

CoreVest actively lends multifamily loans for rental properties throughout IL – Chicago, Naperville, Oak Brook , Orland Park, Bolingbrook and all other major cities in Illinois.

Multifamily 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

Multifamily Term Loan

$1M – $100M+


5 or 10 year terms


Call protection / lockout depends on loan term


Up to 70% of value


IO and amortization options


1.20x DSCR requirement (1.25x for loans <$2M)


Non-recourse


Multifamily, condos, mixed use w/ majority residential, others assets case by case

Multifamily Bridge Financing

$2M – $10M+


18 to 24 month terms


No call protection lockout


Up to 70% of cost


Interest only amortization


No initial DSCR requirement


Non-recourse


Multifamily, condos, mixed use w/ majority residential, others assets case by case

Questions About The Illinois Market?


Joakim Mortensen
Illinois Chief Client Officer
E: [email protected]
P: (773) 839-5323

Illinois Multifamily Loan Options:
  • $1M – $100M+
  • 5 or 10 year terms
  • Up to 70% LTV
  • Non-recourse Funding
  • Call Us Today: (844) 223-7496

Illinois Rental Market Updates

Partner with a Lender You Can Trust
CoreVest is the leading private lender to Illinois residential real estate investors.
The Best Multifamily Investment Markets in Illinois

Since the recession, Illinois has been slowly rebounding to a thriving economy. With a high foreclosure rate comes large inventory for investment properties. Each of these cities below show positive signs of population growth, which will bring in new homebuyers and renters.

There are so many great opportunities for multifamily projects in Illinois at the moment. CoreVest Finance can help you finance your next multifamily loan.

Some of the best place to invest in Illinois multifamily properties are in the cities of Chicago, Naperville, Oak Brook , Orland Park, Bolingbrook and all other major cities in Illinois.

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Illinois - Investment Property Map (Copy) (Copy) (Copy) (Copy)

Why Partner with CoreVest to Fund Your Next Multifamily 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.

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

– Joakim Mortensen, Illinois Chief Client Officer, CoreVest

For more information on Illinois multifamily loans, please call Joakim Mortensen at 773.839.5323, fill out the form below or email [email protected].

Together We Grow

CoreVest continues to grow with our borrowers and remain active participants in the industry

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