CIC Featured

37 Banks Invest $200 Million in CIC

At a reception at the Civic Opera House June 4 featuring appearances by Chicago Mayor Rahm Emanuel and Cook County Board President Toni Preckwinkle, CIC announced the renewal of its lending pool for $200 million through the year 2020. The pool will fund rehabilitation of 7,500 affordable rental units – ...

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Energy Savers

CIC 4th quarter

One-Stop Energy Efficiency Shop for Multifamily Building Owners Energy is one of the least predictable operating costs in multifamily buildings. With more than 75 percent of buildings in Chicago built before 1942  and lacking basic energy efficiency improvements, many owners can save substantially on utility and operating expenses. CIC’s Energy ...

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Takeout Loans for Groups of 1-4 Units

FILLING A MARKET NEED Despite the headlines touting a rental comeback, many neighborhoods continue to struggle with distressed buildings, low values, and a stubborn need for affordable rental. Yet investors have had a hard time finding financing to redevelop groups of these buildings – a gap preventing more expansive neighborhood ...

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Chicagoland’s Leading Multifamily Rehab Lender

Community Investment Corporation, Chicagoland’s Leading Multifamily Rehab 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 ...

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Low-Rehab Loans = Lower Rates, Fast Processing

CIC addresses changing market with NEW loan product To meet the demand of the changing marketplace, CIC is offering a new loan product for buildings which need little or no rehab. The new loan is our traditional three-year adjustable rate mortgage with a shorter 10-year term and 25-year amortization. Loan ...

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Use Our Money to Buy/Rehab Apartments

CIC does multifamily acquisition/rehab deals that others can’t. And we are capitalized with a $400 million loan pool guaranteed by 34 banks, so we have money to lend.      We can strengthen your bottom line 12 ways: Construction and long-term loan in one process Expedited acquisition loans for experienced developers ...

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