Lines of Credit, Title details, etc
Recently, I have been purchasing a number of multi family residential properties using personal funding, rehabbing, renting, and refinancing conventionally. In order to do this and to obtain the best rate, I have the properties in my personal name until the loan closes, then I deed the property to my LLC. Is there a more streamlined manner to do this?
Additionally, I have a relationship with a local small bank, but they are no longer a portfolio lender, so there are certain stipulations and hoops that I need to jump through that I previously did not prior to the bank going public. Is anyone aware of a good manner to seek out an asset based, portfolio lender in the New England area that I may be able to more easily do business with?