Wednesday, October 18, 2017

Basic Multifamily

CIC has been lending money to acquire and rehab basic multifamily properties since 1984 and has lent over $1 billion. Here are some basic facts about our multifamily loan program:

CIC FINANCES IN
THESE AREAS…
…FOR THESE TYPES
OF PROPERTIES:
  • City of Chicago
  • Suburban Cook County
  • DuPage County
  • Kane County
  • Lake County
  • McHenry County
  • Will County
  • Multifamily (5+ units) residential buildings
  • Mixed-use properties
  • Cooperatives
  • SROs and special-needs housing
  • New multifamily construction
  • Expedited acquisition loans for experienced developers
  • Flexibility to finance more than 80% LTV with extensive rehab
  • NO PREPAYMENT PENALTY
  • No legal fees at closing
  • No payments during construction
  • Forward commitment take-out loans for buildings with an estimated completion date
  • A tailored, can-do approach to every loan.

Call, or click here for current rates    Click here for information on how to apply

Let us show you what we can do for you.
CALL TODAY at (312) 258-0070, and ask for a loan officer.