Armitage Street fix-and-flip loans fund up to 85% LTC on Chicago-area residential investment properties from $300K with no appraisal required. Same-day pre-approval, 48-hour commitment, and closing in under 7 days. Draws funded within 24 hours of inspection.
| Fix & Flip Feature | Structure & Terms |
|---|
| Max LTC (Renovation) | Up to 85% LTC |
| Minimum Loan Amount | $300,000+ |
| Property Types | Single family, multifamily, condominium, mixed-use |
| Appraisal Required | Never - no formal appraisals on any deal |
| Pre-Approval | Same day via one-page application |
| Speed to Close | Under 7 days from complete checklist | 48-hour commitment |
| Draw Funding Time | Within 24 hours of requested inspection date |
| Income Verification | None - no personal financials or tax returns required |
| Lender Type | Direct balance sheet lender - loan is never sold |
Armitage Street funds ground-up construction for residential and commercial projects in the Chicagoland market with up to 85% LTC. In-house construction expertise with 80+ years combined experience. No appraisals, no third-party reports, draws within 24 hours of inspection.
| Construction Feature | Structure & Terms |
|---|
| Max LTC (Construction Costs) | Up to 85% LTC |
| Minimum Loan Amount | $300,000+ residential | $2,000,000+ commercial |
| Property Types | Residential SFR, multifamily, condo, mixed-use and commercial ground-up |
| Appraisal Required | Never |
| Construction Oversight | In-house construction team led by Igor Pesotskiy conducts all on-site inspections and draw reviews |
| Draw Funding Time | Within 24 hours of requested inspection date |
| Geographic Focus | Chicagoland area | 300+ projects funded | $200M+ total originations |
| Lender Type | Direct balance sheet lender - loan is never sold to third parties |
Armitage Street bridge and cash-out loans fund up to 80% LTC and 75% LTV on Chicagoland investment properties from $300K. 48-hour commitment, closing in under 7 days, no appraisal required, and no personal financials needed.
| Bridge Loan Feature | Structure & Terms |
|---|
| Max LTC (Bridge) | Up to 80% LTC |
| Max LTV (Cash-Out) | Up to 75% LTV |
| Minimum Loan Amount | $300,000+ |
| Property Types | Single family, multifamily, condominium, mixed-use |
| Commitment Speed | 48-hour commitment - fastest in Chicagoland |
| Speed to Close | Under 7 days from complete checklist |
| Appraisal Required | Never |
| Income Verification | None - no personal financials or tax returns required |
| Lender Type | Balance sheet lender - loan is never sold |
