5+ Unit Apartment Building Loans in Chicago
Need fast funding for a 5+ unit apartment building in Chicago? Our hard money program is built for multifamily investors who need speed and flexibility—no income docs, no DSCR, and closings in 2–3 weeks. We fund deals across the entire metro, including Logan Square, Bronzeville, Uptown, and suburban Cook and DuPage counties.
Why Chicago Investors Choose Our Program
- No income documentation required
- No DSCR underwriting
- Must be 80% occupied
- Full appraisal required
- 30-year term available
- Fast closings—typically 2–3 weeks
Chicago Market Snapshot – Q4 2025
- Vacancy rate: 5% overall; 7.2% in high-end properties
- Average rent: Up 2.8% year-over-year
- 12-month absorption: 11,000 units
- New supply: 6,500 units delivered
- Cap rates: Stabilized around 6%
- Investor focus: Strong demand for workforce housing
Chicago’s multifamily market remains stable, with demand outpacing new construction. Workforce housing continues to outperform luxury product, offering durable cash flow and insulation from oversupply. Our program is ideal for investors targeting value-add or stabilized assets in this environment.
Related Loan Programs
Need funding after bankruptcy? Explore our Real Estate Loans After Bankruptcy.
Can’t show income? Our No Income Doc Loans are built for self-employed investors.
Looking for equity-based approvals? Check out our Equity-Based Real Estate Loans.
Frequently Asked Questions
Do you fund 5+ unit buildings in Chicago?
Yes. We fund multifamily deals throughout the Chicago metro area and surrounding counties.
Is DSCR required?
No. We do not use DSCR underwriting for this program.
Do I need income documentation?
No. We skip tax returns, pay stubs, and bank statements.
How fast can I close?
Most deals close in 2–3 weeks with a full appraisal.
What term length is available?
We offer a 30-year term with interest-only or amortizing options.