As of August 26, 2010

5.50% for 3-Year ARM
6.00% for 5-Year ARM
Please call to confirm rates



  designed and cooked
  at NuZoo Media, Inc.

 

  CIC Employee Access

 

Read about CIC in the Chicago Sun-Times in an article

about condo fraud, featuring Jack Markowski

 

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IF YOU:

  • Own a multifamily rental building of 5+ units in Cook County, and
  • Are willing to allow program staff to review the energy bills for the building...

Mr Energy Saver

  Then you are eligible for

ENERGY SAVERS

Energy is one of the least predictable operating costs in multi-family buildings. We can help!  We're offering loans at low rates. Click here or on Mr. Energy Saver (the blue house) for more information, or fill out an application on paper (PDF) or online  (will take you away from this site). 

Partial funding for suburban Energy Savers provided by The Grand Victoria Foundation.

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YES, WE HAVE MONEY TO LEND!

 

CIC does multifamily acquisition/rehab deals that others can’t.

       We can strengthen your bottom line 12 ways:

 

  • Construction and long-term loan in one process
  • Expedited acquisition loans for experienced developers
  • No payments during constructionCIC Building Sign
  • 20-year term, 25-year amortization
  • Strong customer service, including expert construction advice
  • For experienced developers, a line of credit
  • Flexibility to finance more than 80% LTV with extensive rehab
  • No prepayment penalty
  • We close and service our own loans
  • No legal fees at closing
  • “Take-out” loans for buildings with an estimated completion date
  • A tailored, can-do approach to every loan.

 

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NEW: Landlord requirement in City of Chicago to disclose bank where security deposits are kept.   Details here and a form here.

                        

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CIC PROPERTY MANAGEMENT TRAINING

PROGRAM WINS 2010 EDUCATION AWARD

Taft West

 

The Chicago chapter of the Institute of Real Estate Management (IREM) awarded CIC Director of Training TAFT WEST its annual Premier Education Award for outstanding commitment to enhancing the education of the property management community. 

                             Congratulations, Taft!

 

You, too, can learn from this award-winning program.

If you currently own and manage property--

or are just thinking about it, click below...

Learn Multifamily Property Management From CIC  

 

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Stop signNote to visitors to our office at 222 South Riverside Plaza:

Due to increased security, we will not be able to receive visitors to our office outside of our    regular business hours of Monday-Friday, 8:30AM to 5:00PM, effective immediately. 

We appreciate your understanding.

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Apartment Property FOR SALE by CIC:

 

  

NEW!  6-unit multifamily at 5113-15 S. Indiana

36-unit multifamily at 4021-29 S. Ellis

29-unit multifamily at 8049 S. Maryland

               20-unit multifamily at 1010 S. First Avenue/Maywood

       

                   

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Don't Blame the CRA, Expand It!    Commentary by Jack Markowski (PDF)

 

 

 

              

COMMUNITY INVESTMENT CORPORATION, Chicagoland's Leading Neighborhood Revitalization Lender, is a not-for-profit mortgage lender that provides financing to buy and rehab multifamily apartment buildings with five units or more in the six-county metropolitan Chicago area. We also offer Property Management Training to help owners and managers better market, manage, maintain and improve affordable rental property.

Directions to CIC


 
Last updated: Thursday, September 2, 2010 11:30 AM


Copyright © 1999 - 2010, Community Investment Corporation
222 South Riverside Plaza, Suite 2200
Chicago, IL 60606-6109