Fix and Flip Financing Chicago, IL
Financing for Property Flippers in Chicago, IL
From Bucktown to Chatham, Roscoe Village, Andersonville, and all neighborhoods in between, property flippers are breathing new life into older properties. At TCF Capital, we provide fix and flip financing solutions for projects of every shape and size throughout Chicago, IL. From single-family homes on up to large multifamily residences, our fix and flip financing is designed to be accessible to property flippers at all levels of experience.
Fix and Flip Loans for Properties in Chicago, IL
TCF Capital provides loans for fix and flip projects throughout Chicago, IL. Our fix and flip loans feature:
- Loans from $50K to $7.5M for condos, townhomes, and 1-4 unit multifamily
- Loans from $250K to $10M for 5+ unit multifamily and mixed-use
- Up to 90% of cost for acquisitions
- Up to 100% of rehab cost
- Up to 75% ARV
- Rates as low as 7.49%
- Terms up to 12 months with a 6-month extension available
- No prepayment penalty
Fix and Flip Lines of Credit for Properties in Chicago, IL
Sometimes property flippers in Chicago, IL need funding that is more robust and flexible than a traditional loan. TCF Capital offers fix and flip lines of credit that can be used for individual properties, multiple properties, and even entire portfolios. Fix and flip lines of credit from TCF Capital include:
- Credit limits up to $5 million
- Available for 1 to 500+ properties
- Up to 90% of cost for property purchases
- Up to 95% of cost for renovations
- Terms up to 12 years
- Fast closings within 12 days
Fix and Flip Property Types in Chicago, IL
Fix and flip financing from TCF Capital can be used for the following property types in Chicago, IL:
- Town houses
We can scale funding solutions to fit any transaction or project. Whether you are lining up your first fix and flip project, or if you are trying to renovate hundreds of units at once. TCF Capital works with property flippers at all levels so they can access the financing they need to achieve their goals, keep projects on track, and maximize their revenue.
Local Solutions for Properties in Chicago, IL
Property flippers in Chicago, IL need a funding partner that understands the local property markets, which neighborhoods are hot, future developments that will impact the value of houses, and more. TCF Capital is a locally-based firm serving the needs of property flippers throughout the Chicago area. Our fix and flip financing is designed to maximize accessibility while simultaneously minimizing processing times. We stand apart from other firms by understanding the local markets and, most importantly, listening to our clients so we can provide solutions that fit their requirements.
Get Started Today
TCF Capital supports the work of property flippers who are revitalizing communities all over Chicago. From condos to large historic homes to multifamily residences, we can provide the financing you need for your next project. To get started, contact TCF Capital today.