Updated almost 15 years ago on . Most recent reply
Free and Clear Property under LLC i need some financing
Hi Guys, Could you please give me some ideas how i can get some financing. I have a free and clear property located in NJ under IL LLC. I would like to get some financing available to do two short sales cash deals. My credit is above 680. The challenge is the LLC doesn't have any credit and i can't go for a small business loan and because the property is titled under the LLC i can't do HELOC under my name. Please advise whitch way should i go ...Thank yuo
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Curt, i believe he MAY run into some seasoning issues with transfering that interest back into his personal name.
As others have stated, small banks offer a greater degree of flexibility and discretion. i'd start there before trying to move it out first.