Overview
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Great Lakes Private Lending is based in Chicago, IL and was founded in 2017. They operate in Chicago and Wisconsin and offer fix-and-flip, bridge, rental, private notes financing. Their loan amount range runs from $50K to $2.0M.
Key terms at a glance
| Loan type | Private money / relationship-based |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Geographic coverage | Chicago and Wisconsin |
| Loan size | $50K – $2.0M |
| Interest rate range | 9.5% – 12.5% |
| Origination points | 1.5 – 4 |
| Max LTV | 70% of ARV |
| Max LTC | 85% of cost |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
Strengths
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower
Chicago or Wisconsin investor
How Great Lakes Private Lending compares for Chicago investors
For Chicago metro investors specifically, Great Lakes Private Lending covers Chicago as part of a broader regional footprint. As a private money operator, their underwriting is relationship-driven — track record and deal-specific characteristics matter more than templated criteria.
Common alternatives in Chicago
- Renovo Financial — Chicago-based, deepest local knowledge
- Kiavi — Tech-forward national leader
- Lima One Capital — Broad product suite, BRRRR-friendly
- Easy Street Capital — STR-DSCR specialist
Great Lakes Private Lending FAQ
Yes — Great Lakes Private Lending is based in Chicago, IL and serves Chicago and Wisconsin. As a private money lender, deal-by-deal underwriting applies.
Great Lakes Private Lending's indicative rate range is 9.5%–12.5% with 1.5–4 points. Pricing depends primarily on funded-deals history, deal leverage, and exit certainty.
Great Lakes Private Lending's typical minimum loan is $50K, with maximum loan size up to $2.0M.
Great Lakes Private Lending's typical close timeline is 5-10 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
Great Lakes Private Lending offers fix-and-flip, bridge, rental, private notes financing. They also do DSCR rental refinance, which makes them a one-stop shop for BRRRR strategies.
Chicago or Wisconsin investor
This review is an independent directory listing. Hard Money Chicago is not affiliated with Great Lakes Private Lending. Rates, terms, and eligibility are determined by the lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.