Skip to main content

Chicago Property Management Blog

How to Finance My Chicago Rehab

How to Finance My Chicago Rehab

Possibly the biggest consideration when taking on a rehab project is how to finance the deal. We’ve all considered hard money, FHA has their 203K loan program, and we’ve probably seen a late night commercial or two about financing. Perry Farella of Prime Lending talks us through a loan program which is a cross between a conventional loan and hard money, something that you don’t even need to refinance out of once the property is stabilized.

Key points:

  • How to qualify for a rehab loan
  • How to determine ARV
  • The draw process for construction
  • When to refinance a loan
  • Hot investment neighborhoods

As a property management company in Chicago, we at GC Realty & Development, LLC, are investors ourselves. Each employee of GCR&D are Chicago property managers and landlords themselves, and understand how to manage properties from the owner’s perspective. Get in touch with one of our experts to answer any questions and maximize your rental property profits. 

Make sure to check out the FREE resources that Straight Up Chicago Investor Podcast offers:

House Hacking Calculator

Top 10 Lending Mistakes

Investor Stories


Download your FREE copy of: What They Don't Tell You About Real Estate Investing

See our available Turnkey Cash-Flow Rental Properties
Please give us a RATING & REVIEW (Thank you!)
Want extra Hacks & Tricks? Follow us on Facebook & Youtube!
Looking for a breakthrough in your career? Join Our Team!
SUBSCRIBE on to our podcast on iTunes | Spotify | Stitcher | TuneIn Radio 

Need A Responsive Property Manager? We’ve got you covered!