Hard money loans for the acquisition and renovation of residential and commercial investment property allow many real estate investors to move quickly with fewer lender restrictions in a competitive market. These loans also provide an alternate source of funds for investors who cannot qualify for traditional loans or for those who concentrate on projects that are difficult to get funded through conventional sources of financing.Read More
There were 11 closed transactions involving 2-4 unit multifamily properties in Lakeview during the month of July 2012. Sold properties closed averaging just under 94% of their Final List Price.
I toured a 3 flat at 1213 West Race (Chicago) with a client today. Listed for $229,900. I don't like it at this price but someone will buy it. The current shortage of inventory makes this appear to be a decent buy but watch out for deals with limited long term upside.Read More