McHenry County is home base for Jaken Finance Group. Our headquarters sits at 2300 Barrington Road, Suite 400, Hoffman Estates, IL 60192 — on the McHenry/Cook county line in the heart of the northwest collar. When you call (833) 264-7776 about a McHenry County hard money loan, you’re talking to underwriters who drive the same roads, know the same permit offices, and fund deals from Crystal Lake to Huntley without routing your file to a distant call center.
That local presence matters. McHenry investors get face-to-face closings, same-day proof-of-funds letters, and draw inspectors who understand January concrete schedules on a Woodstock ranch rehab.
McHenry County: RLTO-free by definition
Every rental in McHenry County — Algonquin, Cary, McHenry city, Lake in the Hills — operates under Illinois state landlord-tenant law, not Chicago’s Residential Landlord Tenant Ordinance. Compare that to Chicago hard money deals where RLTO governs lease-up, security deposits, and repair timelines.
Collar-county investors choose McHenry for:
- Regulatory simplicity — no RLTO compliance stack; lower per-turnover legal cost
- Affordable basis — median acquisitions 15%–25% below DuPage for similar vintage
- Commuter demand — Metra NW line and I-90 access feed stable renters
- Land and acreage — larger lots for ADU and small multifamily where zoning allows
Our RLTO investor guide quantifies what Chicago landlords spend on compliance — money McHenry operators keep as cash flow.
McHenry market segments (2026)
| Area | Profile | Typical buy | Rehab | Strategy |
|---|---|---|---|---|
| Crystal Lake | Family suburban, strong schools | $290K–$380K | $50K–$95K | Flip or BRRRR hold |
| Woodstock | Historic square, affordable entry | $220K–$310K | $55K–$100K | Value-add flip |
| Huntley / Algonquin | Growth corridor | $320K–$410K | $45K–$85K | Newer stock refresh |
| Marengo / rural west | Acreage, lower density | $195K–$280K | $60K–$120K | Longer hold, BRRRR |
McHenry County added population faster than Cook County through the 2020s — investors who bought $245K Woodstock bungalows in 2022 and renovated for $68K are exiting at $355K–$375K ARV in 2026 comps.
Loan terms from your local lender
- Rates: 9.0%–12.5% interest-only
- Leverage: up to 90% LTC; 100% rehab on qualified files
- Loan size: $100K–$2M
- Term: 12–18 months
- Close: 7–10 business days — often faster for McHenry deals with local title partners
- HQ advantage: in-person file review at 2300 Barrington Rd when complexity warrants
We fund McHenry the same way we fund Lake County and Kane County — asset-based, speed-first, exit-aware.
Worked example: Crystal Lake SFR flip (HQ-funded)
Acquisition: $334,000 four-bedroom colonial — dated kitchen, original baths, 18-year-old roof.
Rehab: $78,000 — kitchen, two baths, roof, HVAC tune, flooring throughout.
Total project cost: $412,000
ARV: ~$495,000 (renovated colonials within 0.5 miles)
Financing: 89% LTC — $297,260 acquisition, $78,000 rehab holdback.
Timeline: 6 business days to close — borrower met underwriter at Barrington Road office for final docs.
Exit: Sale at $489,000 in 19 days; net profit after carry and McHenry transfer taxes in the mid-five figures.
The borrower chose Jaken specifically because “my lender is 12 minutes from the property.” That is the McHenry advantage.
Hoffman Estates and Schaumburg overlap
Our HQ address sits in Hoffman Estates — minutes from Schaumburg and the Woodfield corridor. Many McHenry sponsors also deploy capital south into Cook County collar suburbs; we structure multi-market portfolios under one relationship.
Connect to the Illinois stack
- Hard money lenders Illinois — statewide programs
- Hard money lenders Chicago — city contrast & RLTO context
- DuPage County · Lake County · Kane County
- DSCR loans Chicago · Fix and flip Chicago
- Chicago BRRRR strategy
FAQ
Where is Jaken Finance Group located?
2300 Barrington Road, Suite 400, Hoffman Estates, IL 60192 — on the McHenry/Cook county line. Walk-ins by appointment; most files close remotely.
Does McHenry County have RLTO?
No. RLTO applies to City of Chicago residential rentals only. McHenry follows state law.
Can I visit the office during underwriting?
Yes. Complex McHenry files — multi-unit, acreage, custom draw schedules — benefit from in-person review at our Barrington Road HQ.
What LTC do McHenry County deals typically get?
85%–90% LTC for experienced sponsors; 80%–85% for first-time McHenry investors with strong reserves.
Do you fund deals in Woodstock’s historic district?
Yes, with permit timelines built into the draw schedule. Exterior changes may require historic commission review — we underwrite the delay.
Visit us or pre-qualify online: Start your application · (833) 264-7776 · 2300 Barrington Road, Suite 400, Hoffman Estates