We lend in Chicago, IL and surrounding suburbs only: Lincoln Park, Edgewater, Uptown, Orland Park, Tinley Park, Oak Lawn, Calumet City, Oak Park, Cicero, Bolingbrook, Hyde Park, South Shore, Naperville, Wheaton, Joliet, Gary, Hammond.

Below is a short summary of the loan programs we offer in Illinois:


Please submit your loan request or general inquiry at the link below and someone will respond to you right away.

Residential Rehab Loan:

Illinois Rehab Loan Program (Fix & Flip loan)

  • Loans amounts for up to 60% of After Repaired Value (ARV)
  • Interest rates from 13% to 15%, interest only
  • 5-6 points as a loan fee (based primarily on loan size)
  • Loan terms from 1-12 months
  • Loan amounts from $25,000 to $500,000
  • 640 credit score required
  • Borrower brings in loan fees and interest reserve, up to 20%
  • of total project cost in some cases.
  • ARV appraisal paid by borrower.
  • 1 previous rehab must have been completed prior
  • 3 months bank statements
  • 2 years tax returns
  • Funding in 10-21 days.

Residential Bridge Loan – Hard Money Loan:

Illinois Hard Money Loan Program (for Faster Funding

  • Residential hard money loan, bridge loan option
  • Fast fundings, from 3 to 7 business days
  • Loan amounts for up to 75% of purchase price on
  • purchases, or up to 65% loan to value on refinances
  • Loan amounts from $25,000 to $500,000
  • Interest rates from 12.5% to 13%, interest only
  • 2-4 points as a loan fee
  • Loan term 12 months
  • Past bankruptcy or foreclosure ok.

*Monthly, interest only payments required. No principal

Rental Property Loans (Residential 1-4 unit Investment

  • 8.99-9.99%, 30 year term
  • 65% LTV
  • 3-5 points as a loan fee


  • Loan application or 1003
  • 2 Years tax returns
  • 3 months bank statements
  • Copy of rent roll and/or lease agreements
  • Income statement for property (if available)

*If owned less than 2 years, need to know when purchased,
how much, how much in rehab?

Commercial Bridge Loans – Purchases and Refinances:

Chicago Commercial Bridge Loan Program, Commercial Hard Money Loan

  • Commercial hard money loan, bridge loan
  • Property Types: Office, Industrial, Multi-Family, Self-Storage,
  • Retail, Senior Housing, and Medical
  • Fast fundings, from 5 days to 14 days
  • Purchase loans and Refinance loans
  • Loan amounts for up to 75% of purchase price on
  • purchases, or up to 70% loan to value on refinances
  • Interest rates from 10.5% to 12.5% interest only
  • Loan amounts from $100,000 to $100,000,000
  • 2-4 points as a loan fee
  • Loan terms 12 months - 72 months

Land Loans & Construction Loans:

Land Loans:
We do not currently offer land loans in Illinois

Construction Loans:
We do not currently offer constructions loans in Illinois

Success Story

Located close to the ski resorts yet close to Salt Lake City, UT, the subject property is in
a highly sought-after location. Using a hard money loan from Private Money Utah for the
purchase of this rehab property, an experienced, Utah real estate investor…


Why is Private Money Utah the Top Choice for Hard Money?


Lending decisions made in-house means
faster lending decisions


Last minute closings? We can fund your loan
in as quickly as 24 hours, to an average of 5
business days.


Our borrowers trust us because we do what
we say we will do! When the pressure is on,
we always come through for our borrowers.


We provide the best customer service in the

Since 2008, Private Money Utah has been providing hard money loans to real estate investors. Private Money Utah is trusted by its borrowers because we provide a reliable, fast process for funding loans.

Do you have a loan to submit today?
Apply Now