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Updated over 5 years ago on . Most recent reply

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64
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Joel C.
  • Rental Property Investor
  • Evans, GA
25
Votes |
64
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Lenders in Augusta, GA

Joel C.
  • Rental Property Investor
  • Evans, GA
Posted

I was wondering if any of the Augusta, GA, area investors have had much luck working with local lenders while running their real estate business through an LLC? We're planning on working the BRRR strategy, using our business LOC to fund purchases and repairs, then refinancing to pay of the LOC and pull out some equity. We were looking for someone who could keep the loan in-house and be okay with us quit claiming the title of the home over to our company (and say as much in writing). Georgia Bank & Trust had great reviews, but their recent buyout seems to have "creative lending" on hold for a few months.

I've looked into Dwell, Lima One, Colony, and B2R a bit, but I wanted to exhaust local options before going that route.  Any advice would be much appreciated!

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Replied

@Joel C., did you ever come across a lender you liked working with? Any luck with credit unions by chance?

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