As of January 28, 2010

5.50% for 3-Year ARM
6.00% for 5-Year ARM
Please call to confirm rates



  designed and cooked
  at NuZoo Media, Inc.

 

  CIC Employee Access

 

YES, WE HAVE MONEY TO LEND!

 

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-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
  • We close and service our own loans
  • No legal fees at closing
  • “Take-out” loans for buildings with an estimated completion date
  • A tailored, can-do approach to every loan.

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Stop signNote to visitors to our office at 222 South Riverside Plaza:

Due to increased security, we will not be able to receive visitors to our office outside of our        regular business hours of Monday-Friday, 8:30AM to 5:00PM, effective immediately. 

We appreciate your understanding.

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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

  Then you are eligible for

ENERGY SAVERS

Energy is one of the least predictable operating costs in multi-family buildings. We can help!  We're offering loans at 2% [rate subject to change]. Click here or on Mr. Energy Saver (the blue house) for more information, or fill out an application on paper (PDF) or online  (will take you away from this site). 

 

Partial funding for suburban Energy Savers provided by The Grand Victoria Foundation.

 

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Apartment Property FOR SALE by CIC:

 

  

NEW: 10-Building Portfolio at 62nd & King Drive

12-unit multifamily at 551 N. Central

  9-unit multifamily at 409 S. Central

20-unit multifamily at 1010 S. First Avenue/Maywood

                  6-unit multifamily at 10432 S. Maryland   SECOND Price Reduction!

                   18-unit multifamily at 7556 S. Calumet

                    9-unit multifamily at 1015 S. Springfield

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If you currently own and manage property--

or are just thinking about it...

Learn Multifamily Property Management From CIC  

                                       

                        

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Don't Blame the CRA, Expand It!    Commentary by Jack Markowski (PDF)

 

 

 

              

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: Friday, February 5, 2010 2:02 PM