Great Lakes Private Lending for Vermont investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Vermont context
Vermont ski STR (Stowe, Killington). DSCR tight on acquisition prices.
How Great Lakes Private Lending positions in Vermont
Within Vermont, Great Lakes Private Lending competes alongside other DSCR lenders. Great Lakes Private Lending strengths: regional Midwest focus, investor-friendly underwriting. The low aggregate DSCR economics of Vermont create demand for Great Lakes Private Lending programs in Burlington and Montpelier particularly.
City-level coverage in Vermont
Great Lakes Private Lending provides DSCR coverage across Vermont metros including Burlington, Montpelier, and Vermont. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Vermont metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Vermont property tax | 1.8% |
| Vermont state income tax | 8.75% |
Great Lakes Private Lending strengths in Vermont
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Vermont coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Burlington is the top investor market in Vermont and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Burlington property tax follows the Vermont state rate of 1.8 percent. Great Lakes Private Lending typically underwrites Burlington acquisitions at standard rate sheets.
Yes. Montpelier ranks among the larger Vermont investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Montpelier matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Vermont metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Burlington, Montpelier, and Vermont all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Vermont ski STR (Stowe, Killington). DSCR tight on acquisition prices. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Vermont.
Vermont allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
For Vermont DSCR borrowers, Great Lakes Private Lending is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.