Refinancing a property after it starts cash flowing

[Trey Reese]

I'm working on a deal using a private money lender to buy a SFH. I'd like to use the private money to purchase the unit and then refinance with traditional financing after 12 months to get a more favorable payback schedule.

So my question is this:

Will most banks apply a different set of standards for LLC owned property that is cash-flow positive (as opposed to a residential loan)?

I'm targeting an 80% LTV deal - - is this reasonable?

This is my first deal, so I'm treading carefully.