Transactional lender · Illinois
Transactional funding in Illinois
Same-day funding for Illinois double closings, including Chicago, Aurora and Rockford. Axelrad funds 100% of your A–B purchase so you can close on your end buyer's money. No credit check and no upfront fees.
How a Illinois double close works with us
Step 1
Send both contracts
Your signed A–B purchase contract on the Illinois property, your signed B–C resale contract, and your end buyer's proof of funds.
Step 2
We confirm the closing
We talk to the title company or closing attorney handling both sides, so the money and the deeds move in the right order.
Step 3
We fund the A–B
We wire 100% of the purchase price for the A–B closing. Your end buyer's funds at the B–C closing repay us, often the same day.
Closing a double close in Illinois
Who runs the closing
In Illinois, a title or escrow company typically runs both the A–B and the B–C closing. Not every title company will close a double close funded by a transactional lender. If yours will not, Axelrad can introduce a title partner who does.
Transfer tax on two deeds
Illinois charges a transfer tax when a deed is recorded. A double close records two deeds, A–B and B–C, so budget for the tax on both when you work out your spread.
Wholesaling law in Illinois
Since 2019, Illinois treats buying and selling purchase contracts more than once in a 12-month period as activity that requires a real estate license. Talk to a Illinois real estate attorney about how your deal is structured.
Have both contracts signed?
Get your Illinois double close funded.
Send the A–B and B–C contracts and your buyer's proof of funds. We review the deal, not your credit.
Request transactional fundingIllinois transactional funding questions
Do you offer transactional funding in Illinois?
Yes. Axelrad is a direct transactional lender and funds double closings in Illinois, including Chicago, Aurora and Rockford. We fund 100% of the A–B purchase and are repaid from your end buyer's funds at the B–C closing.
Can I double close the same day in Illinois?
In Illinois, a title or escrow company typically runs both the A–B and the B–C closing. Not every title company will close a double close funded by a transactional lender. If yours will not, Axelrad can introduce a title partner who does.
Do I pay transfer tax twice on a Illinois double close?
Illinois charges a transfer tax when a deed is recorded. A double close records two deeds, A–B and B–C, so budget for the tax on both when you work out your spread.
Is wholesaling regulated in Illinois?
Since 2019, Illinois treats buying and selling purchase contracts more than once in a 12-month period as activity that requires a real estate license. Talk to a Illinois real estate attorney about how your deal is structured before you sign with the seller.
Do you check my credit for transactional funding?
No. There is no credit check and no upfront fee. We look at the deal: the signed A–B purchase contract, the signed B–C resale contract, and proof that your end buyer has the funds to close.
Prepare the deal
Transactional funding near Illinois
- Wisconsin transactional funding
- Indiana transactional funding
- Missouri transactional funding
- Iowa transactional funding
- All states
Business-purpose funding for real estate investors. Availability, structure and terms depend on the transaction and underwriting.