Equity Options for Property in an LLC

Chandler, Arizona
Private Lending & Conventional Mortgage Advice
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Equity Options for Property in an LLC

George Willey
Member since 2020 · 5 posts · 0 votes

Looking for some help from the brain trust.

What are my loan or financing options if I want to pull some money out of my rental property that have titled to my LLC? Bonus points if you can suggest lenders in AZ...

I have done a lot of googling and called a couple of local credit unions and have been hitting a snag when I inform them the property is owned by my LLC (both HELOC and Refi).

Am I really down to hard money loans or business loans from the LLC itself?

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Erik EstradaBusiness Member
Lender · Member since 2022 · 6k+ posts · 1k+ votes
2y

You can do a 1st or 2nd Mortgage DSCR loan and be able to close in an entity. Rates on a DSCR 1st are pretty low compared to a conventional loan

[email protected]818-269-7983
LuxePrivate Investments LLC 570 Reviews
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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y

    You can do a 1st or 2nd Mortgage DSCR loan and be able to close in an entity. Rates on a DSCR 1st are pretty low compared to a conventional loan

    [email protected]818-269-7983
    LuxePrivate Investments LLC 570 Reviews
    WebsiteView Page
    1Reply
  • Patrick Roberts
    Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes
    2y

    There are nonQM lenders who will fund 2nd's on investment properties in LLCs. Not a ton, but they exist. Helocs like this technically exist, but can be complicated to actually close. 

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  • Jeremy HoldenBusiness Member
    Real Estate Agent · Scottsdale, AZ · Member since 2021 · 156 posts · 90 votes
    2y

    Im an investor and agent going through the same process George with property in Phoenix, Mesa, and Glendale. Feel free to shoot me a DM

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  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
    2y

    DSCR loans are the best and most convenient way to go

    0Reply
  • Zach Edelman
    Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    You can definitely do a DSCR loan and vest both the loan and title in an LLC simultaneously with the refinance.

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