Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

12
Posts
0
Votes
Alan Laracuenta
  • Investor
  • Puerto Rico
0
Votes |
12
Posts

Hard time finding a lender with an LLC Puerto Rico

Alan Laracuenta
  • Investor
  • Puerto Rico
Posted

Hello,

Im from Puerto Rico and i have a sub-leasing and management company for airbnb that we currently have 30 properties. We want to start buying multi-families to do airbnb or long term leases, but we are having a super hard time getting the few banks in Puerto Rico to lend us money with our LLC, they take a lot of time to respond to our emails. One banker told us that normally those investment loans are for 15-20 year term and 6.5% - 8.5% interest rate.
i recently talked to a big developer and told me that the first 1-4 deals i make them with hard money lenders or equity lenders, that in a year i can refinance with a bank and pay them back their loan. 
Any advise on that getting loans with an LLC and getting a loan from a hard money or equity lender?

Loading replies...