Chicago, IL
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Chris Poklacki

Loan Consultant

(847) 977-2308
c.poklacki@novellecapital.com

Chris's journey in the world of real estate appraisal began in 1995 when he obtained his appraisal license. His passion for the field was evident, as he secured his first appraisal position almost immediately, setting the stage for a successful and fulfilling career.


In 1996, Chris encountered a pivotal figure in his professional life, Mike, who became his most influential mentor. Mike played a crucial role in shaping Chris as an appraiser and introduced him to a wide spectrum of residential appraising techniques. It was under Mike's guidance that Chris honed his ability to produce highly detailed and professional appraisal reports. Mike's unwavering commitment to quality materials and workmanship left an indelible mark on Chris, influencing his own approach to the craft.


By 1999, Chris had reached a significant milestone in his career by becoming a Certified Residential Appraiser. Around this time, Mike transitioned into custom home building, entrusting Chris and another appraiser to run the day-to-day operations of his appraisal business. Mike's commitment to quality, which Chris fully absorbed, led to his success in building high-end custom houses and eventually venturing into commercial properties.


In 1999, Chris took a bold step and established Platinum Appraisal at the request of several of his previous employers' clients. His reputation for honesty and integrity in his work was well-known, serving as both a boon and a deterrent to clients seeking uncompromising quality. Despite the advent of Appraisal Management Companies (AMCs), his clients continued to seek his expertise for consultation, testament to the trust he had cultivated over the years.


What sets Chris apart is his genuine dedication to his craft. He has always aimed to maintain a sterling reputation in the industry, leading him to work six to seven days a week and extend his hours far beyond the typical 9 to 5 job. His commitment to being available to clients beyond the standard workweek showcases his unwavering dedication to their needs.


Outside of his professional life, Chris is a proud father of three remarkable children - two boys and a girl. His oldest son, who recently joined the Army as a cybersecurity officer, follows a path dedicated to protecting the digital world. His other two children are pursuing higher education, with his second son focusing on video editing and production and his daughter embarking on a career in the field of psychology.


In his leisure time, Chris enjoys working on cars, drawing from his previous experience as a mechanic. Whether it's his own vehicle or those of friends and family, he finds joy in getting his hands dirty under the hood. Additionally, Chris relishes spending time with close friends and their dogs, taking scenic walks in forest preserves and open areas at least three days a week.


As for his recreational interests, Chris has a keen fascination with fighting arts and mixed martial arts (MMA). He can effortlessly lose track of time watching MMA competitions and appreciating the dedication and skill of the fighters.


In summary, Chris is not only a seasoned appraiser but also a dedicated family man and enthusiast of cars, nature walks, and the world of MMA. His unwavering commitment to quality and integrity in his work is a hallmark of his character, making him a trusted and respected figure in the real estate appraisal industry.

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Fix & Flip

Rates from 9.99%

Single Family & Multi-Family

Up to 100% of Rehab

Same Day Pre-Approval

Close in 7-10 Days

 Construction

Rates from 8.99%

Single Family & Multi-Family

Up to 100% of Build Cost

Easy Draw Process

Close in 10-20 Days

Rental 

Rates from 5.49%

5, 7, 10, & 30 Year Terms

LTV up to 80%

No Income/ 580+ Fico

Close in 7-10 Days

Bridge Loans

Rates from 9.99%

Single Family

80% LTV 

Full, Lite or No Doc, Non-Recourse

Close in 7-10 Days

Short-Term Rental 

Rates from 6.50%

Up To 75% LTV

Up to 70% LTV Cash-out Refinance

1.5+ DSCR

5, 10, 30-Year Options

Learn More

Multifamily

Rates from 9.99%+

Up to 80% LTV

24-36 Month Interest Only Terms

Low in-place DSCR 

Close in 7-15 days

Chicago, IL

The real estate market in Chicago is a dynamic yet competitive landscape for investors. In October 2023, the median sale price of homes in Chicago was $327,000, marking a slight dip of 0.3% compared to the previous year. However, there's a noteworthy trend of homes selling faster, with an average of 57 days on the market, down from 70 days last year.


Despite a 7.1% decrease in the number of homes sold in October compared to the previous year, the reduced time properties spend on the market suggests an active and responsive market, reflecting buyer interest.


Migration patterns reveal that 15% of homebuyers in Chicago were exploring properties outside the city, while 85% preferred to remain within the metropolitan area. Denver emerged as a primary source of incoming migration into Chicago, followed by New York and Peoria. On the flip side, 85% of those leaving Chicago opted to stay within the larger metropolitan area, with Milwaukee being the favored destination, followed by Cape Coral and Miami.


The cost of living in Chicago remains higher than the national average by 20%. Median home prices at $684,035 and a monthly median rent of $2,080 contribute to housing expenses significantly above the national average. However, utility prices are slightly lower while transportation expenses, including bus fares and gas prices, stand 25% higher than the national average.


Investors eyeing the Chicago real estate market should consider the evolving trends and fluctuations. While there's been a slight decline in median sale prices, the quicker turnover of properties suggests opportunities for faster transactions. Understanding financing options tailored to Chicago's market nuances becomes crucial for investors to leverage their investments effectively.


In summary, Chicago's real estate market continues to intrigue investors with its dynamic nature. The market's responsiveness, coupled with migration patterns and cost of living considerations, offers a comprehensive outlook for those seeking opportunities in this bustling metropolitan area. It's advisable for investors to conduct thorough market analysis and potentially seek guidance from local real estate experts to make well-informed decisions within the ever-evolving Chicago real estate landscape.

Private Lending and Hard Money Loans in Chicago, IL with Novelle Capital


Navigating the realm of real estate investments often involves exploring unconventional financing avenues like private money and hard money lending. These alternatives, distinct from traditional bank loans, serve as vital pillars for investors seeking secured investments. Understanding these concepts and their applications can significantly impact an investor's success in the vibrant real estate landscape of Chicago.

Private Money Lending:
Private money refers to funds extended by individuals or non-bank entities for real estate transactions. This form of lending often revolves around personal relationships or professional networks, bypassing the stringent criteria set by traditional financial institutions. Private lenders assess investments based on property potential and borrower credibility, offering greater flexibility in terms of loan structures and approval processes.

Hard Money Lending:
Hard money lending, while similar, specifically focuses on loans secured by real property. These loans, typically shorter in duration, prioritize the collateral's value rather than the borrower's financial history. This collateral-centric approach enables borrowers with credit challenges or unconventional projects to secure financing based on property value, making hard money loans a viable option for real estate investors seeking quick capital without meeting stringent bank loan criteria.

Novelle Capital: The Pinnacle of Hard Money Loans in Chicago:
In the heart of Chicago's bustling real estate market, Novelle Capital emerges as the beacon of hard money lending, earning a reputation as the go-to trusted lender for secured investments.

Our tailored approach to hard money lending distinguishes Novelle Capital. We specialize in crafting loan solutions customized to suit the diverse needs of real estate investors navigating the Chicago market. This tailored approach not only aligns with the specific requirements of borrowers but also emphasizes flexibility, a key aspect often lacking in traditional lending institutions.

Efficiency and speed stand as defining traits of Novelle Capital's lending process. We understand the urgency investors face in seizing opportunities in Chicago's dynamic real estate market. As such, Novelle Capital ensures swift approvals and rapid access to funds, empowering investors to capitalize on time-sensitive ventures.

Novelle Capital's dedication to transparency and reliability further solidifies our position as a trusted lender. Our team of industry experts guides borrowers through the lending process, providing valuable insights and support at every stage. This commitment to personalized service fosters trust and confidence among borrowers, establishing Novelle Capital as a dependable partner in Chicago's real estate investment sphere.

For investors eyeing secured investments in the Windy City, Novelle Capital shines as the pinnacle of hard money lending, offering not just financial support but a strategic partnership focused on success. Our emphasis on secured investments, coupled with a deep understanding of Chicago's market dynamics, positions Novelle Capital as the top choice for real estate investors seeking agility, reliability, and tailored financing solutions.

Benefits of Private and Hard Money Lending in Chicago:


Speed and Accessibility: In Chicago, Illinois, private and hard money lenders prioritize swift approval processes and rapid funding, crucial for seizing time-sensitive real estate opportunities in this bustling market.


Tailored Loan Terms: Chicago's private lenders excel in offering flexible loan terms. Borrowers have the freedom to negotiate interest rates, repayment schedules, and other specifics, crafting financing arrangements that precisely match their unique needs.


Collateral-Centric Approval: Hard money lenders in Chicago prioritize property value and potential, enabling borrowers facing credit challenges or unconventional projects to secure financing based on collateral. This approach broadens accessibility for diverse borrower profiles.


Inclusive Borrowing: Chicago's private and hard money lending caters to a broad spectrum of borrowers, ranging from real estate investors to small businesses and individuals with distinct financial requirements. This inclusivity makes these lending options versatile for various projects and scenarios.


Fueling Real Estate Ventures: Chicago's thriving real estate market attracts investors seeking growth opportunities. Private and hard money lending serves as pivotal support, providing the essential capital for property acquisitions, renovations, and expansions.


Understanding Chicago's Market Dynamics: Engaging in private and hard money lending in Chicago involves comprehending local market intricacies and leveraging the advantages these financing options offer. Whether you're an investor in need of swift capital or have unique financial needs, exploring the accessibility and flexibility of these lending avenues strategically aligns with Chicago's bustling real estate landscape. Collaborating with reputable local lenders and staying informed about market trends maximizes these advantages, driving successful and lucrative real estate ventures in Chicago.

Real Estate Investor Clubs

Getting involved in real estate investor clubs can be a game-changer for those looking to thrive in the world of property investment. These clubs, such as Real Estate Investment Associations (REIAs), offer a fertile ground for networking, learning, and collaboration among like-minded professionals. Whether you're a seasoned investor or just starting out, joining a local or regional REIA can provide invaluable opportunities to expand your knowledge base, forge important connections, and stay abreast of market trends.


REIAs play a crucial role in fostering a vibrant real estate community. By participating in these clubs, investors gain access to a wealth of resources, from educational seminars and workshops to mentorship programs and deal-sharing opportunities. Moreover, REIAs provide a supportive environment where members can exchange ideas, seek advice, and even form partnerships for mutual benefit.


We've provided a list of local REIAs serving the Chicago area:


For those aiming to succeed in real estate investment, involvement in REIAs is not just recommended—it's practically essential. These associations offer a platform for continuous growth and development, empowering investors to navigate challenges, capitalize on opportunities, and ultimately, achieve their investment goals. So whether you're scouting for your next property or seeking to expand your portfolio, consider joining a REIA today and unlock the full potential of your real estate endeavors.