Construction Loan | Chicago, Illinois
Starting from scratch? If you’re an investor, developer, or builder working in new construction, we’re here to support you and your projects, no matter the size or scope.
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From land acquisition to horizontal and veritcal construction, we have the means to make your property come to life.
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All About Our Chicago Construction Loans

  • Ideal for build-ready infill, tear down, and spec homes
  • Not for tract homes or subdivisions (10+ homes)
  • Mid-construction[17] options available
  • Loans available for single family and multi-family properties
  • SFR + Detached Additional Dwelling Unit (DADU)
  • 12 or 18 month loans terms

New Construction Loans

LOAN PURPOSE New construction projects
INTEREST RATE[1] Rates as low as 9.95%
LOAN AMOUNT $300K to $20MM
LOAN TERM 12 months
BORROWER TYPE Individual or group
EXPERIENCE Based on prior 36 months
MAX LOAN-TO-VALUE (LTV)[7] 65 to 70%
MAX LOAN-TO-COST (LTC)[8] 80 to 85%
LTV VS. LTC We use the best calculation for your project
CONSTRUCTION FINANCING Up to 100%
PROPERTY TYPE
  • Single Family Residences (SFR)
  • Detached Additional Dwelling Unit (DADU)
  • 2 to 4 unit properties
  • Multi-family 5-20 unit properties
  • Mixed-use
  • Townhouses
  • Condos [15]

Discover How a Chicago Construction Loan Can Work for You

  • We can assist with land acquisition when needed.[10]
  • We can help with multiple properties at the same time.[11]
  • We will thoughtfully advise and lead you through the entire process, answering all the questions you have along the way.

Chicago,
Construction Loan Data

City, State Chicago, Illinois
Population 2,693,976
Map Coordinates 41.83°N 87.68°W
Median Home Price $275,200
Housing Units Owner Occupied 476,993
Housing Units Renter Occupied 603,352 
Hard Money Loan Volume $1,857,227,054.40
Rental Property Loan Volume $2,284,389,276.91
Bridge Loan Volume $650,029,469.04
Fix & Flip Loan Volume $1,411,492,561.34

About Our Chicago,
Construction Loans

ABOUT OUR CONSTRUCTION LOANS
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Frequently Asked Questions

A Construction Loan from B-Line Capital is private financing for real estate investors, builders, and developers in Chicago, Illinois. B-Line Capital doesn't lend directly - it shops your deal across multiple private lenders, family offices, and commercial capital sources to find the rate and terms that fit your project.

Construction Loan rates through B-Line Capital start as low as 9.99%. Your actual rate depends on the property, loan amount, leverage, and your experience as a borrower.

B-Line Capital arranges Construction Loan financing from $300K to $10MM per property for properties in Chicago, Illinois.

Construction Loan financing through B-Line Capital goes up to 65-70% loan-to-value, or up to 80-85% loan-to-cost.

B-Line Capital's Construction Loan programs in Chicago, Illinois are available with 12-month terms, with mid-construction options available.

Credit score requirements vary by lender and deal profile.

Income and tax documentation requirements vary by lender and deal profile.

Construction Loan eligibility is based on prior 36 months of activity.

Foreign national eligibility depends on lender-specific guidelines, borrower profile, and transaction structure.

B-Line Capital arranges Construction Loan financing for ground-up single-family, multifamily, and select mixed-use construction projects in Chicago, Illinois.

Closing timelines depend on the lender, the deal's complexity, and how quickly documentation comes together. Private financing like a Construction Loan generally moves faster than a conventional bank loan - ask your B-Line Capital contact for a timeline specific to your Chicago project.

B-Line Capital's broker fees typically range from 0.5 to 2 points, depending on deal size and complexity. Fees are disclosed on your closing statement and are not charged until your loan funds.

B-Line Capital is a private money broker, not a direct lender. For every Construction Loan request in Chicago, Illinois, B-Line Capital compares offers from multiple private lenders, family offices, and commercial capital sources so you can choose the best rate and terms.

Documentation requirements vary by lender and loan size. B-Line Capital will confirm exactly what's needed for your Chicago, Illinois project once you request a quote.

Request a quote through B-Line Capital to compare offers from up to three lenders for your Construction Loan in Chicago, Illinois, or call (206) 949-3416 to speak with the team directly.

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Michael Schatz
Written and reviewed by Michael Schatz, Founder & Chief Lending Strategist of B-Line Capital

Michael Schatz

LinkedIn About B-Line Capital

Founder & Chief Lending Strategist, B-Line Capital

Michael Schatz leads B-Line Capital, a private money brokerage helping real estate investors, builders, and developers fund rental property, bridge, fix & flip, construction, and commercial bridge loans nationwide by shopping multiple private lenders, family offices, and commercial capital sources for better rates, lower fees, and less money down.

His expertise includes private money lending, hard money loans, DSCR lending, bridge and construction financing, commercial real estate debt placement, structured data strategy, and AI visibility optimization for modern search and answer engines.

Areas of Expertise:

  • Private Money Lending
  • Hard Money Loans
  • Rental Property (DSCR) Loans
  • Bridge Loans
  • Fix & Flip Loans
  • Construction Loans
  • Commercial Bridge Loans
  • Commercial Real Estate Financing
  • Debt Placement & Capital Structuring
  • Structured Data Strategy
  • AI Visibility Optimization
  • Search Engine Optimization (SEO)