Chicago Capital Management Group

About Chicago Capital Management Group

Chicago Capital Management Group is a Chicago, IL based private lender providing funding throughout the US. They offer loans for many different situations, including commercial loans, hard money bridge loans, and refinancing. They offer rates ranging between 9% and 14% and loan amounts ranging from $300,000 to $100,000,000 with a maximum LTV of 80%. They will make loans on various types of properties, including multi family, apartments, offices, retail units, hotels and motels, storage buildings, assisted living communities, mixed use spaces, undeveloped land, churches, warehouses, industrial facilities, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: National

Lending Guidelines for Chicago Capital Management Group

Below are the general loan guidelines published on the Chicago Capital Management Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Chicago Capital Management Group.

Loan Example 1

Ashley is an entrepreneur in Fontana, CA. She wants to buy a new building for her company but she isn't able to secure a conventional mortgage loan from her bank because of her subpar FICO score. She turns to Chicago Capital Management Group for a commercial private money loan so she can fund the transaction. Because the lender and borrower agree on a 60% loan to value (LTV), Ashley will bring $136,000 at closing and the principle will be $204,000 because the price of the new building is $340,000. The terms of the loan include a 12 month length, a 12% interest rate, and 2 origination points to be paid by Ashley at the closing. According to the parameters of this loan, Ashley will pay an origination fee of $4,080 when the loan is executed. She will also begin to make payments of $2,040 monthly throughout the duration of the loan and will re-pay the principle amount at the end of the 12 month loan term. Should she decide to repay the loan before, she may do so with no additional cost because there isn't a pre-payment penalty stipulated by the loan.

Loan Example 2

Chicago Capital Management Group issues a private money bridge loan to Virgil for a renovation project in Tacoma, WA. The deal includes the following:

a) A $220,000 purchase price, b) a 55% loan-to-value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 4% origination fee.

If Virgil succeeds in his goal of a $319,000 sales price, the final numbers of the deal would be as follows:

$319,000 sales price
- $121,000 principle on note (55% LTV)
- $99,000 down payment (45% on 55% LTV)
- $4,840 origination points (4% of the $121,000 principle)
- $6,655 interest payments (6 months x 11% interest)
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= $87,505 total profit (doesn't include taxes or renovation costs)

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