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HARD MONEY LOANS IN
Illinois

Illinois is a beautiful state with an array of opportunities both professionally and recreationally. With homes around the national median price and a higher median profit per flip, it is also a wonderful place to begin your fix-and-flip real estate investment endeavors. Discover more about hard money loans in Illinois to learn about one of the best real estate investment opportunities in the country–and how Kiavi can support you as a partner.

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HARD MONEY LOANS IN
Illinois

2018 Illinois Flipping Statistics

Uncover more about what you need to know about hard money loans in Illinois. Whether you are flipping in Chicago, Naperville, or Springfield, there is an opportunity to grow your business and flourish throughout the state.

Median Price of Homes Sold
$188,000
18% LESS THAN THE NATIONAL MEDIAN
Number of Homes Purchased for a Flip
11,796 homes
3% OF HOMES FLIPPED IN THE UNITED STATES
Median Age of Flipped Homes
54 years old
12 YEARS OLDER THAN THE NATIONAL MEDIAN
% of Flips Financed with a Loan
33%
1.6 PERCENTAGE POINTS HIGHER THAN THE NATIONAL PERCENTAGE
Median Loan Amount
$166,000
5% LESS THAN THE NATIONAL MEDIAN
Median Profit Per Flip
$76,000
21% HIGHER THAN THE NATIONAL MEDIAN
Total Number of Active Flippers
5,179 flippers
4% OF ACTIVE FLIPPERS IN THE UNITED STATES
Total Number of New Flippers
4,057 new flippers
18% OF THE NEW FLIPPERS IN THE UNITED STATES
% of Flippers Who Flip Outside of State
8%
1 PERCENTAGE POINTS HIGHER THAN THE NATIONAL PERCENTAGE
Median Number of Days it Takes to Flip a House
144 days
27 DAYS LONGER THAN THE NATIONAL MEDIAN
% of Flips Less Than the National Average Sq. Ft.
93%
SAME PERCENTAGE POINTS AS THE NATIONAL AVERAGE
Median Number of Flips Per Borrower in State
2 flips
SAME NUMBER OF FLIPPERS AS AVERAGE ACROSS THE U.S.
Top 10 Illinois Flipping Counties
Check out the top counties in Illinois ranked by the largest communities of flippers and discover the number of flips in each.
Rank County # of flips 2018 Median Profit per Flip
1 Cook 6,976 $88k
2 Will 777 $79k
3 DuPage 713 $85k
4 Lake 559 $66k
5 Kane 448 $76k
6 Madison 328 $49k
7 St. Clair 317 $42k
8 Winnebago 316 $30k
9 McHenry 282 $72k
10 Champaign 187 $48k
LendingHome: The Proven Source for Illinois Hard Money Loans

Kiavi is making an impact across the Prairie State by supporting every level of investor, from passionate hobbyists to bonafide professionals. We are as accessible as your local lender, but offer the scalability and cost benefit of enormous national scale—funding multiple fix and flips deals simultaneously with the convenience of your next-door lender.

Experience the LendingHome Difference

You can get a hard money loan for your fix-and-flip property in as few as 5 days with our simplified process, premium technology, and committed staff. As the nation's largest hard money lender, Kiavi funded $20 million in loans in Illinois last year alone. Our competitive terms offer you up to 90% of the purchase price, up to 125% rehabilitation with holdback, and fund up to $1 million per deal or $3 million across multiple deals. We are the real estate investing partner that help our customers close deals, grow portfolios, and increase profits.

interest Rate as Low as
8.75%
Max Leverage
90% LTC
Loan amount at a time
$3 million
Time to close as few as
5 days
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Why You Should Invest in Illinois's Real Estate Market

Boasting an array of vibrant cities, bustling suburbs, and plentiful farmland, Illinois is a midwestern gem. And since it is home to Chicago, it is a main hub to this particular region of the United States where there are impressive education facilities, the arts, access to the Great Lakes, growing businesses, delicious food, and loyal sports fans among the colorful culture. There is also continuous growth in this state since it is the fifth largest economy in the United States, which means there is continuous opportunity for house flipping and building and bettering neighborhoods.

Read More:

  • Illinois Property and Real Estate Laws
  • Illinois Construction Law
  • Illinois Interest Rate Laws
  • Illinois Property Tax Calculator
  • Illinois Property Tax Guide
Disclaimer: The content above is provided for informational purposes only and should not be considered tax, savings, financial, or legal advice.
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