Do you, or a client, have a Chicagoland lending need that is a little out of the ordinary? Something you consider "niche"?
Has finding a mortgage lender and a mortgage program in Chicagolan
d to address those financing needs become something like "trying to fit a round peg into a square hole"?
Are you, or your client:
- A contractor involved in commercial rehabbing?
- An investor that holds multiple properties?
- Someone involved in a Charitable Organization?
- A member of a church in need of more space?
- A hospital board member looking to future expansion and needs? A Governmental body?
- Someone NOT wanting to liquidate current assets while adding to your property portfolio?
- Someone with other "out of the box" lending needs?
Even in this current stringent lending environment, there are opportunities for borrowing available. Here's one option you might want to consider ...
An Asset-Based Loan, offered by myself (Gene Mundt) at Chicago Bancorp, could be the borrowing outlet you need to address your, or your client's, more unconventional borrowing needs. It's more flexible nature allows for a wider scope of possibilities when considering physical expansions to businesses and charitable groups, loosening cash-flow, adding to a portfolio of properties, and more. It also allows clients to leave current assets untouched ... and doesn't demand liquidation.
The current property market offers great opportunity for investing. The Commercial Real Estate Market is once again opening up and holds great promise for those willing and capable of taking part. An Asset-Based Loan from Chicago Bancorp allows participation in the current under-valued Commercial Real Estate Market without tax consequences and loss of growth opportunities.
The Chicago Bancorp Asset-Based Loan allows borrowers to pay quarterly, interest-only payments through the dividends collected on their assets. Interest rates are currently at 2.5% to 5.5%.
A simple 2-Page loan application makes applying for my Asset-Based Loan at Chicago Bancorp a joy ... and a breeze. It's possible to obtain this loan without a credit check and with no income verification. There are no property inspections conducted or appraisals made. Costs to secure this loan vary from case to case. I can typically provide you, or your client, a quote within three (3) business days. Transactions can be completed within 30 days or less.
What do you need to start an application with me for an Asset-Based Loan with Chicago Bancorp?
- A Statement of the Asset Account being utilized for the loan (Stock, Bond, Mutual Funds, US Treasury Instruments, etc.)
Once the Asset-Based Loan Agreement is executed, closing documents are signed, and security is established (normally a 3-day average) ... the loan funds. A wire transfer is directly sent to the Borrower's bank account.
There are no junk fees ... or title fees to pay. One flat fee covers costs. This innovative mortgage financing is free of modern lending hassles.
Should you, or a client, wish to enter this investor-friendly market or be experiencing growing pains within your organization, look no further for relief. Contact me at Chicago Bancorp for further information ... and to find out how this Asset-Based Lending Program can address your personal or company's/organization's lending needs. I will be happy to answer any questions you have or deliver a timely quote.
Gene Mundt, Sr. Vice President
Personal NMLS #216987
The Federal Savings Bank
1823 Centre Point Circle, Naperville, IL 60563
Now on Skype! 630-219-1316
