From first look to closing

How a loan works with Illinois Lender

From first look to closing, here's what to expect.

Send the deal. The form takes about two minutes. Address, price, rehab, exit.
First look. We review the property and the exit. If something's missing, we ask.
Term sheet. If it fits, you get proposed terms in writing: amount, rate, points, fees, and term.
Underwriting. Title and the rest of the file. Subject to underwriting.
Closing. Subject to title and third parties. We don't publish a typical number of days.
Draws and payoff. If the loan includes rehab, funds are released in draws as work is completed. You pay the loan off when you sell or refinance.

Have these ready