Illinois Hard Money Loans for Real Estate Investors

Fix & Flip
Loans

We stand as one of Illinois’ top hard money lenders, delivering swift closings and flexible fix and flip loans that maximize investor returns. Our Illinois loans close within ten business days, providing up to 90% of purchase and 100% of renovation costs through 12-month interest-only terms. We structure these bridge loans to help investors fund both acquisition and rehab costs with no pre-payment penalties so they can quickly move to their next project.

2 workers discussing fix and flip loan programs

New Construction
Loans

We provide new construction loans funding up to 90% of land value and 100% of construction costs to experienced developers throughout Illinois. Our hard money loans are structured to help builders acquire, complete, and sell projects through one streamlined process. We offer fast closings and flexible terms designed specifically for experienced builders looking to scale their development business in today’s competitive market.

Contractor building a house with a new construction loan

Rental
Loans

We provide simple and reliable rental loans allowing investors to buy and hold properties across popular Illinois markets, starting as low as 6% with leverage up to 80%. Our financing supports properties between 1-8 units across different housing types including single family, multifamily, condos, town homes, and single apartments. We offer various loan options to match your specific investment strategy and help you build a profitable rental portfolio.

Rental property funded with dscr loans

Home of the Only True Zero-Point Program

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  • No Pre-Pay Penalty
  • No Exit Fees
  • Available for All Experience Levels
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Illinois Real Estate Market Highlights

Median Sale Price
$285,900
Feb. 2025
Median Days on Market
61 Days
Feb. 2025
Monthly Homes Sold
8,038
Feb. 2025
Icon - Sold Above Listing
Homes Sold Above Listing Price
30.3%
Feb. 2025
Avg Fix & Flip Gross ROI
60.8%
Q3 2024
Avg Fix & Flip Gross Profit
$94,500
Q3 2024
 
 

Recently Funded

Check out some of our recent projects:
Calumet City Illinois Fix And Flip Loan
Property Purchase & Rehabilitation
$180,000
Calumet City, IL
Fix & Flip — Single Family
Chicago Heights Illinois Hard Money Cash Out Loan
Loan Refinance & Cash Out
$250,000
Chicago Heights, Illinois
Cash Out Based on AIV — Single Family Detached
Chicago Illinois Fix And Flip Loan
Property Purchase & Rehabilitation
$1,800,000
Chicago, Illinois
Cosmetic Renovation — Multifamily 12
Chicago Illinois Hard Money New Construction Loan
Land Purchase & Property New Construction
$2,450,000
Chicago, Illinois
New Construction — Single Family Detached
Downers Grove Illinois Fix And Flip Loan
Property Purchase & Rehabilitation
$690,000
Downers Grove, IL
Gut Renovation & Addition — Single Family
Elmhurst Illinois Fix And Flip Loan
Property Purchase & Rehabilitation
$878,000
Elmhurst, Illinois
Fix & Flip - Single Family
Hazel Crest Illinois Fix And Flip Loan
Property Purchase & Rehabilitation
$230,000
Hazel Crest, IL
Fix & Flip — Single Family
Markham Illinois DSCR Rental Loan
Rate Term and Refinance
$1.43M
Markham, Illinois
Oak Park Illinois Fix And Flip Loan
Property Purchase & Rehabilitation
$750,000
Oak Park, Illinois
Fix & Flip - Single family
Olympia Fields, Illinois Fix And Flip Loan
Purchase Only
$260,000
Olympia Fields, Illinois
Purchase Only — Single Family
View More Recently Funded

Real Reviews from Real Borrowers

 

Great experience! They always answered or returned my calls immediately and walked me through the entire process and made sure all my questions were answered. I had a couple of questions weeks after my loan closed and they still responded immediately and made sure I was taken care of. Great experience and I would highly recommend ABL.

Cindy G.

I am glad I got to know Asset Based Lending, they made funding for my construction site very simple. They have a great team of people, that would go out of their way to help. Boris has been great and very helpful, I highly recommend them for all your Construction financing needs.

Mike A.

I have had the pleasure of working with Boris Akbashev for my real estate financing needs on my last 10-15 projects, and I cannot speak highly enough of his professionalism and expertise. Boris demonstrated a deep understanding of the lending process and went above and beyond to ensure I secured the best possible terms.

John S.

Truly a pleasure having ABL on every deal! Thanks to their lending expertise and timely support and guidance throughout the process to get the best loan for my deals. I can see my company growth from 1-2 flips to numerous flips, new construction, and DSCR loan to grow my portfolio.

Pedro E.

Asset Based Lending is the place to shop for all your construction needs. Their easy funding policy, makes life so much simpler for any builder to focus on building and not be worried about financing project. Boris was supper helpful to accommodate me with all me financing needs.

Ray P.