As of September 4, 2008

5.375% for 3-Year ARM
5.750% for 5-Year ARM
Please call to confirm rates



  designed and cooked
  at NuZoo Media, Inc.

 

  CIC Employee Access

IF YOU:

  • Own a multifamily rental building of 5+ units in Cook County, and
  • Are willing to allow program staff to review the energy bills for the building...

Mr Energy Saver

You are eligible for a NEW program:

ENERGY SAVERS

Energy is one of the least predictable operating costs in multi-family buildings. We can help!  We're offering loans at HALF of prime rate.

Click here or on Mr. Energy Saver (the blue house) for more information (PDF).

 

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

 

FREE CIC ONE-EVENING SEMINARS

Real Estate Tax Appeals September 22

 

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

 

FOR SALE by CIC:

 

20-unit multifamily in Maywood

15-unit multifamily on the South Side

 

 

                19-unit multifamily on the South Side

                 6-unit multifamily in Roseland

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

 

WHY should you choose CIC as your lender?

 

CIC does multifamily acquisition/rehab deals that others can’t.

We can strengthen your bottom line 12 ways:

 

  • Construction and long-term loan in one process
  • Expedited acquisition loans for experienced developers
  • No payments during constructionCIC Building Sign
  • 20-year term, 25- or 30-year amortization
  • Strong customer service, including expert construction advice
  • For experienced developers, a line of credit
  • Flexibility to finance more than 80% LTV with extensive rehab
  • No prepayment penalty for ARMs
  • Fixed-rate loans for qualified experienced developers
  • No legal fees at closing
  • “Take-out” loans for buildings with an estimated completion date
  • A tailored, can-do approach to every loan.

 

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

If you currently own and manage property--

or are just thinking about it...

Learn Multifamily Property Management From CIC  

                        

 

              

COMMUNITY INVESTMENT CORPORATION, Chicagoland's Leading Neighborhood Revitalization Lender, is a not-for-profit mortgage lender that provides financing to buy and rehab multifamily apartment buildings with five units or more in the six-county metropolitan Chicago area. We also offer Property Management Training to help owners and managers better market, manage, maintain and improve affordable rental property.

Directions to CIC


 
Last updated: Thursday, September 4, 2008 4:18 PM