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Top Lender for real estate investors in Chicago (IL)

Accolend is a top hard money lender in Chicago. We provide secure, fast, and hassle-free loans to real estate investors and brokers throughout Chicago. At Accolend, we believe in adding value to your project, and so our team of highly dedicated professionals provides you with one-to-one support helping you achieve your goals. As the premier hard money lender in Chicago (IL), we provide excellent client service. We can finance your investments as early as 10 days from the application with a minimum paperwork. From the initial conversation to the final deal, no one is going to work harder for you than Accolend. All you need is a reasonable investment that has a good profit margin, and you will receive an approval for hard money financing.

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Accolend offers No Points Programs and Lowest Rates in Chicago (IL)

Accolend As a Leading Hard Money Lender In Chicago

Consistent, Responsive, and Reliable Service: Success in real estate investing requires an experienced and dedicated team who work with the same passion and dedication for every client. At Accolend, we pride ourselves on providing excellent customer service. Our team of experts is ready to assist you from beginning to end throughout the whole process. Our good customer relationships are our strength, and that's why the majority of our clientele are repeat customers.

Experience: Accolend was formed 6+ years ago by Wall Street financiers with much experience in real estate investment; we have funded hundreds of hard money loans providing hundreds of millions of dollars to our clients. Accolend is a trendsetter in the industry.

Support & Coaching: We will not only fulfill your loan requirements but also help and support you to do a better investment. Our programs are designed in such a way that the whole lending procedure will provide you with better knowledge of the industry. Working with Accolend will help you take better investment decisions in the future.

Wide Service Area: Accolend provides hard money loans throughout the state of Chicago, as well as in 40 other states.

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ACCOLEND Q & A
Frequently Asked Questions
What type of properties is eligible for Hard Money loans near Chicago offered by Accolend?
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The following properties are eligible for Hard Money Loans near Chicago offered by Accolend:
Single Family Residence (SFR)
2-4 Unit Properties
5+Unit Properties
Condominiums
Town Houses

What type of hard money loan rates are offered by Accolend?
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Loan Rates are different for different types of loans, starting from 5.99% with points and from 7.5% with no points.

Does Accolend Provide No Point Loans?
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Yes, we have both point and no point loan programs.

What are the minimum and maximum loan amounts offered by Accolend?
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Loan size depends on the type of loan program, the general range is from, 150k-15MM

Understand Chicago’s Real Estate Market

Chicago is a massive metropolis in the state of Illinois. Chicago is the biggest community in Illinois, with a population of 2,746,388 people and 795 component communities. Chicago is one of the country’s oldest and most historic cities, with a considerable stock of pre-World War II architecture.

Chicago real estate is among of the most costly in Illinois, yet it does not compare to the most expensive real estate in the United States. Unlike several cities where white-collar or blue-collar jobs predominate, Chicago is not predominately one or the other. Instead, it employs both white-collar and blue-collar workers. Chicago is mostly populated by professionals, sales and office employees, and service providers. There are a lot of individuals in Chicago who work in office and administrative support (10.49 percent), managerial occupations (10.38 percent), and sales positions (10.38 percent) (9.92 percent ).

It’s also worth noting that Chicago has more individuals working in computers and math than 95 percent of the rest of the country. One distinguishing feature of Chicago is its huge population of young, unmarried, educated, and upwardly mobile career beginnings. That’s because Chicago is teeming with singles in their twenties and thirties who have undergraduate or graduate degrees and are starting careers in professional industries. This makes Chicago a terrific city for young, educated career beginners searching for a large number of individuals who are similar to them, with plenty of options for friendships, socialising, romance, and fun. In fact, Chicago is one of the top major cities in the United States for educated single professionals.

One disadvantage of living in Chicago is that commuting to work might take a long time. The average commute time to work in Chicago is 35.51 minutes, which is much longer than the national average. Local public transportation, on the other hand, is frequently used in the city, so leaving the car at home and utilising public transportation is often a realistic option. Furthermore, it is a pedestrian-friendly city. Many of Chicago’s neighbourhoods are dense enough and have enough facilities near together that individuals can travel about on foot.

Chicago, like many other large cities in America, has a public transportation system, but Chicagoans are fortunate in that it is one of the most comprehensive and frequently used. Many commuters leave their automobiles at home and instead take the bus to and from work. In fact, for some people, it is possible to skip automobile ownership totally, saving money and eliminating the stress of driving in congested areas. The advantages include reduced air pollution and traffic congestion on the road network.

In comparison to the typical city in the country, Chicago residents are exceptionally well educated: 39.48 percent of people in Chicago hold a bachelor’s degree or above. Of 2018, the per capita income in Chicago was $37,103, making it rich in comparison to Illinois and upper middle income in comparison to the rest of the United States. This translates to a family of four earning $148,412 per year. However, Chicago is home to both affluent and impoverished residents.

Chicago has a very diversified ethnic population. People who live in Chicago identify as belonging to a range of racial and ethnic groupings. The majority of Chicago inhabitants describe as White, followed by Black or African-American. There is also a sizable Hispanic population in Chicago (people of Hispanic origin can be of any race). People of Hispanic or Latino descent make up 28.79 percent of the city’s population. People in Chicago have Irish, German, Polish, Italian, and English ancestors. English is the most widely spoken language in Chicago. Spanish and Chinese are two more prominent languages spoken here.

Hard Money Lender in Chicago

Hard Money Loans in Chicago

Where we Lend?

We do not lend in: AK, HI, OR, ID, NV, UT, AZ, ND, SD, MN
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No points programs for
Real Estate Investors