Question 1

How many bridge lenders serve multifamily properties in Chicago?

Accepted Answer

53 bridge lenders actively quote multifamily deals in the Chicago metro area. Most are national lenders covering all 50 states. The rest are national lenders covering Chicago as part of their nationwide platform.

Question 2

What is the typical bridge loan rate for multifamily in Chicago?

Accepted Answer

Most bridge lenders in Chicago quote floating-rate structures, typically SOFR plus a spread of 300-600 basis points. 61% of lenders with published rate data offer floating rates. Fixed-rate bridge options exist but are less common. Actual pricing depends on leverage, sponsor experience, and property condition.

Question 3

What is the minimum bridge loan amount in Chicago?

Accepted Answer

The lowest published minimum across Chicago bridge lenders is $100K. Most institutional bridge lenders set minimums at $1M-$5M. Smaller deals under $1M typically go to hard money or regional bank lenders.

Question 4

Are bridge loans for multifamily non-recourse in Chicago?

Accepted Answer

50% of bridge lenders in Chicago with published terms offer non-recourse structures. Non-recourse availability depends on leverage, sponsor net worth, and deal size. Higher LTV deals (above 75%) usually require some form of recourse or a completion guarantee.

Question 5

How long does it take to close a bridge loan in Chicago?

Accepted Answer

Bridge lenders close in 2-4 weeks for clean multifamily deals in Chicago. The fastest close in 7-10 business days with expedited appraisals and pre-approved borrowers. Term lengths run up to 60 months. Third-party reports (appraisal, environmental, title) are the main timeline driver.

		Recourse	Rate			Term	Key Contact
Accolend	-	-	-	-	-	-	Accolend (201) 817-3247
American Heritage Lending	-	-	-	-	-	Up to 12 mo	American Heritage Lending (800) 745-9280
Arbor Agency Lending LLC	-	-	-	-	-	-	Jeff Lee (646) 695-0633
Arbor Commercial Funding I, LLC	-	-	-	-	-	-	Daniella Muller
Arbor Realty Trust	-	-	-	-	-	-	Daniella Muller
Basis Investment Group LLC	-	-	-	-	-	Up to 204 mo	Tammy K. Jones (212) 842-5714
Bloomfield Capital	-	-	-	-	-	Up to 24 mo	Brandon Kling
Capital Fund 1, LLC	80%	-	Fixed/Floating	-	-	180-360 mo	Capital Fund 1, LLC (480) 210-6303
Capital Fund I	80%	-	Fixed/Floating	-	-	180-360 mo	Capital Fund I (866) 999-0398
Capital Funding Financial	65%	-	-	-	-	Up to 24 mo	Capital Funding Financial (561) 821-7186
Certain Lending	80%	Full recourse	Floating	-	-	Up to 360 mo	Tim Fazio
Cetan Funds, LLC	-	-	-	-	-	-	MARY MERRIMAN
Churchill Real Estate	-	-	-	-	-	-	Churchill Real Estate (646) 517-5353
Citibank NA	-	-	Fixed/Floating	-	-	-	Barry Krinsky (561) 362-4124
Coastal Equity Group	-	-	-	-	-	-	Robert Alex Baker
Diya Finance	80%	-	Fixed/Floating	-	$2.0M	12-18 mo	Diya Finance (720) 729-9755
DLP Capital	75%	-	Fixed	-	-	6-60 mo	Don Wenner
Dunmor	80%	-	-	-	$8.0M	6-24 mo	Dunmor (213) 772-5493
Easy Street Capital	65%	Full recourse	Fixed/Floating	-	-	3-6 mo	Easy Street Capital (404) 705-0905
Express Capital Financing	-	-	-	-	-	-	Long Branch (718) 285-0806
First Bridge Lending	-	-	-	-	-	-	Christopher Carey
George Smith Partners	-	-	-	-	-	-	Evan Kinne
GW Private Capital, Inc.	-	-	-	-	-	-	GW Private Capital, Inc. (562) 317-7235
HD Lending, LLC	55%	-	Fixed	-	-	Up to 360 mo	HD Lending, LLC (480) 631-9318
IceCap Group	-	-	Fixed/Floating	-	-	Up to 360 mo	IceCap Group (646) 687-1812
Intrust Funding	-	-	Fixed/Floating	-	-	-	Will Heaton
KECO Capital, LLC	-	-	-	-	-	-	Candace Chase
Kennedy Funding Financial	-	-	-	-	-	Up to 60 mo	Edwin Urrego
Kiavi	-	-	-	-	-	-	Cathey Lowe
LoanEdge	75%	Non-recourse	-	-	-	-	LoanEdge (408) 785-7844
M&T Realty Capital Corporation	-	-	-	-	-	Up to 480 mo	Michael Edelman (212) 350-2632
Maxim Capital Group	65%	Non-recourse	-	-	-	Up to 36 mo	Brian Steiner
Montegra Capital Resources	65%	Non-recourse	1.0% - 2.0%	-	-	-	John Richert
Navigator Private Capital	-	-	-	-	-	Up to 9 mo	Navigator Private Capital (888) 444-3160
NewPoint Real Estate Capital LLC	-	-	-	-	-	-	Geraldine Borger (301) 346-4555
Pimlico Capital	75%	-	Fixed	$100K	-	Up to 360 mo	Pimlico Capital (443) 233-0942
Property Flip Loan	-	-	-	-	-	Up to 12 mo	Property Flip Loan (443) 363-0278
RCN Capital	-	-	-	-	-	-	Alan Johnson
Ready Capital	-	-	-	-	$75.0M	-	Adam Zausmer (212) 257-4657
ReadyCap Commercial	-	-	-	-	$75.0M	-	James P. Flynn
Rehab Financial Group	-	-	Fixed	-	-	Up to 360 mo	Rehab Financial Group (610) 890-8512
ROK Lending	-	-	Treasury +420-500bps	-	$100.0M	12-18 mo	ROK Lending (646) 552-7701
Rubicon Mortgage Fund, LLC	-	-	-	-	-	Up to 192 mo	Rubicon Mortgage Fund, LLC (925) 318-7128
SDC CAPITAL	-	-	-	-	-	-	SDC CAPITAL (747) 349-2004
SimpleCREDIT	80%	-	Fixed/Floating	-	-	Up to 24 mo	SimpleCREDIT (516) 842-9321
Stabilitas Capital	-	-	-	-	-	-	Juan Robayo
Stonecrest Financial	-	-	-	-	-	-	Jon Freeman
Stormfield Capital, LLC	-	-	-	-	-	Up to 180 mo	Stormfield Capital, LLC (203) 793-6569
Tidal Loans	75%	-	-	-	-	Up to 360 mo	Tidal Loans (832) 757-1262
Walker & Dunlop LLC	-	-	Floating	-	-	-	Ted Patch (301) 215-5580
Wilshire Finance Partners	-	-	Fixed	-	-	-	Dana S President
Yieldi	-	-	-	-	-	-	Eric Rhodes
ZINC Financial	-	-	-	-	-	12-18 mo	ZINC Financial (888) 782-0352

53 Bridge Lenders for Multifamily in Chicago

Bridge Lender Comparison - Multifamily in Chicago

Bridge Lending FAQ - Multifamily in Chicago

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