Commercial Loan Direct (CLD) provides apartment loans in Illinois. Current apartment loan rates in Illinois range from 5.48% to 14.6%, depending on the loan program. CLD originates multifamily mortgages for its parent company CLD Financial. CLD offers competitive pricing, professional mortgage specialists, and quick execution on multifamily mortgages. Our firm is currently offering the following lending products for multifamily mortgages: Conventional, FHA, Freddie Mac, Fannie Mae, Conduit, Conventional, and hedge funds. We also provide other types of commercial loans in Illinois.
| Multifamily Loan Types | Average Illinois Rates | LTV | Loan Amount |
|---|---|---|---|
| Fannie Mae (FNMA) | 0.03% - 0.10% | 80% | $750,000+ |
| Freddie Mac (FHLMC) | 5.10% - 5.43% | 80% | $1,000,000+ |
| FHA / HUD | 5.47% - 6.32% | 83.3% | $5,000,000+ |
| Conduit / CMBS | 5.98% - 7.59% | 75% | $2,000,000+ |
| Insurance | 5.48% - 7.99% | 75% | $5,000,000+ |
| USDA | 6.10% - 11.10% | 85% | $1,000,000+ |
| Bridge | 6.10% - 14.10% | 80% | $1,500,000+ |
| Construction | 9.60% - 14.60% | 83.3% | $1,000,000+ |
| Conventional | 5.97% - 10.10% | 80% | $1,000,000+ |
Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.
We are proud to be serving the state of Illinois. Here are our commercial loan statistics for this state.
Please note that commercial loan rates are dependent on the market. We have provided market data for IL below to help you understand what kind of market you are in. Simply click one of the options below to see the data for your state. Economic data reports provided by Data USA.
Commercial loan direct provides services in the following Illinois cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale, feel free to use the provided Illinois economic reports to get a better understanding of your market.
