Long-term rental financing for investment properties across Illinois — qualified off the property's income, not your personal DTI. 30-year fixed from 5.75%, up to 80% LTV, and only 3 months of seasoning on cash-out refinances. SLA Capital has closed deals across every major Illinois metro.
SLA Capital — a Sir Lends A Lot LLC Company
A DSCR loan — short for Debt Service Coverage Ratio — is an investor mortgage that qualifies off the property's rental income rather than the borrower's personal income or debt-to-income ratio. If the property's rent covers the total housing payment (principal, interest, taxes, insurance, and HOA), the loan qualifies. Self-employed investors, LLC-title borrowers, and anyone with complex tax returns can build a rental portfolio without W-2 gymnastics.
Illinois is a two-market state for investors: Chicago metro depth for scale and long-term hold value, plus Rockford / Peoria / Springfield secondary markets for pure cash-flow yield. Deep SFR inventory across the state supports every strategy.
Cook County and suburban Chicago (Lake, DuPage, Will, Kane counties) offer deep SFR + small-multi inventory with real cash-flow at the right basis.
Champaign-Urbana (Illinois), Bloomington-Normal (State Farm + ISU), and Peoria (Caterpillar) anchor stable rental demand outside Chicago.
Rockford, Peoria, and Springfield offer some of the highest cash-on-cash yields in the Midwest — attractive for portfolio investors focused on income vs. appreciation.
Whether you're closing a single-asset SFR in a smaller Illinois market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:
Cook County + suburban Chicago (Lake, DuPage, Will counties)
Winnebago County — Northern Illinois SFR
Peoria County — Central Illinois + Caterpillar demand
Sangamon County — state capital
University of Illinois market
State Farm HQ + ISU market
Rock Island, Moline — cross-river metro with Iowa
Statewide coverage — send us any Illinois property
Same nationwide program, no state-specific surcharges.
Priced off the 5-year Treasury. Real quote in minutes via our loan sizer — no bait-and-switch at close.
Purchase and rate-and-term refis up to 80% LTV. Cash-out refis with 3-month seasoning — no lease required.
30-year fixed, 5-year interest-only, 5/1 ARM, 7/1 ARM.
Single-asset from $55K to $3M. Portfolio structures for 2–10 Illinois properties on one note.
Up-front pricing. One origination point, standard closing costs, no junk fees.
Property rent must cover PITIA. Below 1.0 scenarios can still qualify with reserves or a rate buy-up.
Yes. SLA Capital funds DSCR rental loans throughout Illinois — Chicago Metro, Rockford, Peoria, Springfield, Champaign–Urbana, and every other IL metro. Rates from 5.75%, up to 80% LTV.
Illinois DSCR loans start at 5.75% on a 30-year fixed structure. Priced off the 5-year Treasury with transparent up-front pricing — the rate you're quoted is the rate you close at.
Every Illinois metro. High-volume markets: Chicago Metro, Rockford, Peoria, Springfield, Champaign–Urbana. Secondary markets welcome.
Illinois is a two-market state for investors: Chicago metro depth for scale and long-term hold value, plus Rockford / Peoria / Springfield secondary markets for pure cash-flow yield. Deep SFR inventory across the state supports every strategy.
3 months. Only 3 months of ownership seasoning is required for cash-out refinances on Illinois DSCR loans, and no active lease is required at closing.
Send us the property. Our sizer returns a real term sheet in minutes.
Short-term purchase + rehab financing across every Illinois metro. Rates 9.5–12%. Up to 100% LTC for premier borrowers.
Ground-up construction loans for Illinois builders. 85% land + 85% build. $100K–$7.5M.