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Home › Elgin, IL
Whether you are purchasing an investment property, refinancing a commercial building, or expanding your business in Elgin, Illinois, you need a commercial mortgage lender who can move quickly and say yes when others say no. Commercial Loans of Texas has funded millions in commercial loans across Illinois since 1998 — with no upfront fees and decisions in as little as 48 hours.
Don't show enough income on your tax returns? Our stated income program uses the property's value and your assets to qualify. Perfect for self-employed borrowers and investors throughout Elgin and Illinois.
For borrowers with strong financials, our conventional commercial mortgage program offers competitive rates on office, retail, multifamily, industrial, and mixed-use properties across Elgin, Illinois.
Lock in your rate for the long haul. Our 30-year fixed commercial program gives Elgin property owners stable, predictable payments and the benefits of a long amortization — maximizing cash flow.
When your Elgin business needs capital for equipment, payroll, expansion, or inventory, our working capital loans provide fast access to funds — without the red tape of traditional bank financing.
Serving Elgin and all of Illinois. Our loan officers understand Illinois commercial real estate markets and can structure loans for multifamily, retail, office, industrial, mixed-use, and special-purpose properties throughout Elgin and the surrounding region. While headquartered in Texas, we are licensed to fund commercial loans across Illinois with the same speed and flexibility our Texas clients depend on.
What we look at when underwriting a deal here
Illinois commercial real estate is defined by Chicago — a top-tier industrial and distribution market at the center of the national rail network, with a large downtown office base — surrounded by collar-county industrial and downstate agricultural and manufacturing property.
Illinois taxes rental and business income at a flat rate, and property tax burdens in Cook County and the collar counties are among the highest in the country. That expense line, not the debt, usually governs Illinois deal feasibility.
Illinois is a judicial foreclosure state with a lengthy process, and Cook County assessment appeals are a routine part of owning commercial property here. Underwrite taxes conservatively and reassessment on transfer explicitly.
General information about the Illinois market, not legal or tax advice. Confirm specifics with your own counsel and accountant before closing.
No upfront fees • No obligation • Decision in 48 hours
Mon–Fri 8 AM–6 PM CT | Elgin, Illinois | Direct Lender Since 1998
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