Updated about 1 year ago on . Most recent reply
Equity Options for Property in an LLC
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 Estrada
#3 Private Lending & Conventional Mortgage Advice Contributor
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Erik Estrada
#3 Private Lending & Conventional Mortgage Advice Contributor
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#3 Private Lending & Conventional Mortgage Advice Contributor
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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
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