Where we lend · Illinois (IL)
Investment property financingin Illinois.
AIRE Lending is not yet lending in Illinois. Join the waitlist and we will let you know when financing for investors in Chicago, Aurora, Naperville and across the state becomes available.
The market
Investing in Illinois,at a glance.
Illinois is dominated by the Chicago metro area, the third-largest city in the US and one of the most active real estate investment markets in the Midwest. Chicago offers an incredible range of investment opportunities — from $50K single-family homes on the South Side to $500K+ renovated properties in Logan Square and Wicker Park. The city's massive multi-family stock, including two-flats, three-flats, and courtyard buildings, makes it one of the best BRRRR markets in the country. Suburban areas like Naperville, Aurora, and Joliet offer strong rental demand with lower property taxes than the city. However, Illinois's high property taxes — among the highest in the nation — are a critical factor in every investment analysis.
Markets we serve
- Chicago
- Aurora
- Naperville
- Rockford
- Joliet
- Springfield
Why AIRE Lending in Illinois
- Deep knowledge of Chicago's neighborhood-by-neighborhood investment dynamics
- Multi-family expertise for Chicago's abundant 2-4 unit buildings
- Programs that account for Illinois's high property tax environment
- DSCR lending calibrated for Chicago's strong rental market
- Construction financing for Chicago infill and rehab projects
Availability
Coming soonto Illinois.
We're expanding to Illinois soon. Join our waitlist to be the first to know when we launch.
Join the waitlistIllinois licensing and compliance
Illinois requires a Residential Mortgage License for loan origination activities. AIRE Lending is actively pursuing Illinois licensing. Join our waitlist to be notified when Illinois programs go live.
Questions, answered
Lending in Illinois,explained.
When will AIRE Lending be available in Illinois?
We are actively working on Illinois licensing and expect to begin lending in IL soon. Chicago is a top-priority market for us. Join our waitlist to be the first to know when we launch.
What Chicago neighborhoods offer the best opportunities?
Chicago's South and West sides offer the most affordable entry points. Neighborhoods like Woodlawn, South Shore, Austin, and Englewood have active fix and flip markets. For rentals, areas like Avondale, Irving Park, and Bridgeport offer good yields. When we launch, we'll cover all of Chicagoland.
How do Illinois property taxes affect investment returns?
Illinois has some of the highest property taxes in the nation, particularly in Cook County. This is a critical factor in DSCR calculations and flip profit analysis. Our underwriting will factor in actual tax bills to ensure deals pencil correctly.
Will you finance outside of Chicago?
Yes. While Chicago will be our primary Illinois market, we plan to cover the entire state including suburban Chicagoland, Rockford, Springfield, Champaign, and Peoria.