We are local Chicago hard money lenders for real estate investors in the Chicagoland area. A hard money loan is a loan that is backed by real estate such that the typical underwriting (i.e. review) of a borrower, looking at things such as credit score and finances, are far less important than for a traditional lender (such as a bank). Our loans are secured by a mortgage against the real estate, usually a first-mortgage.
We had a good deal, but a tough road ahead. Leigh, Mark and Tara really took care of us throughout the long rehab/city inspections process. We were able to sell the property at a very nice profit. If they had not been so willing to cooperate during the hard times, it may not have been the same story. This by far has best hard-money lending experience.