Overview
First Savings Private Lending operates as a small-shop private money operator focused exclusively on Chicago metro deals with relationship-based underwriting.
First Savings Private Lending is based in Chicago, IL and was founded in 2009. They operate in Chicago metro and offer fix-and-flip, private notes, bridge 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, private notes, bridge |
| Geographic coverage | Chicago metro |
| Loan size | $50K – $2.0M |
| Interest rate range | 10.5% – 13.5% |
| Origination points | 2 – 4 |
| Max LTV | 65% of ARV |
| Max LTC | 80% of cost |
| Term lengths | 6-12 months |
| Typical close time | 5-10 days typical |
Strengths
- Chicago-only
- flexible underwriting
- fast close
Ideal borrower
Chicago investor with niche or distressed deals
How First Savings Private Lending compares for Chicago investors
For Chicago metro investors specifically, First Savings Private Lending has direct local presence and deep knowledge of Chicago neighborhood dynamics. 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
First Savings Private Lending FAQ
Yes — First Savings Private Lending is based in Chicago, IL and serves Chicago metro. As a private money lender, deal-by-deal underwriting applies.
First Savings Private Lending's indicative rate range is 10.5%–13.5% with 2–4 points. Pricing depends primarily on funded-deals history, deal leverage, and exit certainty.
First Savings Private Lending's typical minimum loan is $50K, with maximum loan size up to $2.0M.
First Savings Private Lending's typical close timeline is 5-10 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
First Savings Private Lending offers fix-and-flip, private notes, bridge financing.
Chicago investor with niche or distressed deals
This review is an independent directory listing. Hard Money Chicago is not affiliated with First Savings 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.