Fix and Flip Loans Aurora, IL
National non-bank Private Lender. Great Rates. Fast Closings. Speak with a Local Lender.
LendingOne – Best Fix and Flip Loans Near Aurora
LendingOne is an Aurora private money lender offering short-term mortgage loans to real estate investors in Aurora, Chicago, Joliet, Naperville, Peoria, Rockford. Get a private money loan for a property purchase, refinance, equity cash out,
rehab or new construction purchase.
Fix and Flip Loans Rates as low as 7.49%*
LendingOne Fix and Flip Loans can provide the cash you need to grow your real estate investment property portfolio:
- Closings in as little as 10 business days
- No hurdles- flexible loan options designed to meet your strategic needs
Advantages of our Fix and Flip Loans in Aurora
- Up to 85% of property purchase amount
- 100% financing on rehab costs
- No interest charged on unused rehab funds
- 12-Month interest only (no prepayment penalty)
- Up to 75% ARV
Ready to get started on your new investment property loan?
Get ahead of the competition in the Aurora real estate market. Speak to a Hard Money expert today by calling 866-918-1974
Fix And Flip Loans Near Aurora, IL
What type of properties are eligible for Fix and Flip loans near Aurora, IL offered by LendingOne?
The following property types are eligible for our fix and flip loans:
- Single Family Residence (SFR)
- 2-4 Unit Properties
- Condominiums
- Townhouses
What type of fix-and-flip loan rates are offered by LendingOne?
LendingOne near Aurora, IL offers fix-and-flip loan rates between 7.49%-12.9%. All rates are based on the individual property and borrower. Call us to learn more at 866-918-1974
What is the minimum and maximum loan amounts for fix and flip loans offered by LendingOne?
LendingOne fix-and-flip loans have a minimum loan amount of $75K and a maximum loan amount up to $4M (Exceptions Granted).
Do you lend on construction or repairs near Aurora, IL?
Yes, LendingOne specializes in providing fix/flip loans that include both the purchase and repair costs as part of one loan.
What states does LendingOne offer its fix-and-flip loan products?
LendingOne provides lending in all States and District of Columbia except Alaska, Nevada, North Dakota, South Dakota, and Utah.
What is the minimum FICO score for LendingOne’s fix-and-flip loans?
LendingOne’s fix-and-flip loan FICO score minimum is 600.
What states does LendingOne offer its fix-and-flip loan products?
We look at things very differently than a bank and rely mostly on your real estate experience and other common sense factors when making decisions.
LendingOne will ask for the following documents for Fix and Flip Loans.
- Sales Contract
- Construction Budget
- 1-month bank statements
- A list of properties you currently own (an REO Schedule)
- Two years of tax returns
- LLC Operating Agreement or Articles of Corporations
Do you lend to Companies or LLC’s near Aurora, IL?
Yes, we only lend to real estate companies. Our fix-and-flip loans are available to the following borrowers:
- LLCs
- Limited Partnerships, General Partnerships
- Corporations
Do you lend to people from my Country?
Our fix-and-flip loans are available to the following borrowers:
- U.S. Citizens
- Canadian Citizens
- Permanent Resident Aliens
Can I receive financing for a residence that I’m looking to live in?
No. LendingOne provides commercial only loans that are non-owner occupied (investment) properties.
Is there a prepayment penalty?
No, there is no prepayment penalty on our 12-month fix-and-flip loans near Aurora, IL.
Aurora Hard Money Real Estate Market
Foreclosure Rates for Aurora, IL
For Aurora, IL real estate investors interested in locating deals for fix and flip investments that they can purchase inexpensively with Hard Money lenders loans, renovate, and sell for a profit, analyzing the number of foreclosures, auctions, and bank-owned properties is extremely helpful. Due to high competition for these types of properties, investors will appreciate the speed that Hard Money lenders loans offer when they are trying to close on a property ahead of another investor.
Get 5 Steps Closer To Growing Your Fix and Flip Business near Aurora
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Advice on searching for a property to fix and flip -
Ways to get organized before beginning -
What to expect during the project -
Recommendations for when you’re ready to sell
Sales Prices for Aurora
Real estate investors purchasing homes using Hard Money lenders loans in Aurora, IL should look at the data available to get a good idea of whether the market is prime for buyers or sellers. Determining the demand for housing will help with pricing their property accordingly, and knowing how much money for purchase and repair costs they’ll need from their Hard Money Lender.
Rental Prices for Aurora
With home values having increased over the last few years in Aurora, IL and expected to continue in this direction in the future, purchasing a rental property with Hard Money lenders loans in the Aurora, IL area will allow for both stable monthly cash flow and a steady appreciation in value.
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Driving Factors for the Aurora Real Estate Market
Education: Aurora is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the Aurora, IL area.
Economy: Aurora‘s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Aurora Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.