Dominion Financial Services for Illinois investors
Dominion Financial Services is an established lender with comfort on distressed properties and flexibility on borrower credit profiles.
Illinois context
Illinois property tax burden second-highest in nation. Chicago south/west neighborhoods produce strong DSCR cash flow with Section 8 vouchers. Cook County investor-class tax assessment.
How Dominion Financial Services positions in Illinois
For Illinois specifically, Dominion Financial Services fits investors who match the hard money approach. The medium cash flow profile of Illinois aggregate makes it workable for Dominion Financial Services.
City-level coverage in Illinois
Dominion Financial Services provides DSCR coverage across Illinois metros including Chicago, Springfield, and Peoria. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Dominion Financial Services program terms apply uniformly across Illinois metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, bridge, rental |
| Loan size | $50K - $5.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 75% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 7-14 days typical |
| Illinois property tax | 2.3% |
| Illinois state income tax | 4.95% |
Dominion Financial Services strengths in Illinois
- experienced underwriting
- distressed property comfort
- flexible on credit
Ideal borrower: Investor on distressed deals or with credit hair
FAQ
Yes, operates nationally including Illinois. Dominion Financial Services is based in Baltimore, MD and operates nationally.
Chicago is the top investor market in Illinois and falls within Dominion Financial Services national coverage. Chicago property tax follows the Illinois state rate of 2.3 percent. Dominion Financial Services typically underwrites Chicago acquisitions at standard rate sheets.
Yes. Springfield ranks among the larger Illinois investor metros and sees consistent DSCR loan volume from Dominion Financial Services. Submarket variation within Springfield matters for property selection.
Dominion Financial Services applies the same rate sheet across Illinois metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Chicago, Springfield, and Peoria all qualify for the same Dominion Financial Services program.
Dominion Financial Services indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Illinois property tax burden second-highest in nation. Chicago south/west neighborhoods produce strong DSCR cash flow with Section 8 vouchers. Cook County investor-class tax assessment. Dominion Financial Services follows standard business-purpose loan structures.
Dominion Financial Services funds fix-and-flip, bridge, rental in Illinois.
Illinois allows standard DSCR prepay structures; Dominion Financial Services typically uses 3-5 year step down.
Dominion Financial Services typical close: 7-14 days typical.
Bottom line
For Illinois DSCR borrowers, Dominion Financial Services is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Dominion Financial Services.