Local Bank Referals for Cleveland / Euclid OH

[Chris Conde]

Hi!

I'm interested in doing a BRRRR of a single family in the Cleveland / Euclid area. I'm putting together my team and I'm looking for a local bank that will help me cash out re-finance. This house will be purchased as an LLC in hard cash and then the goal is to re-fi to pay off the short term loan and hopefully have some extra money because of the difference in ARV compared to what I put into it. Are there any local banks that would re-fi on an LLC owned house that any members have used and recommed? Will these terms be commercial terms or will I have the ability to do a 30 year amoratization? How about interest rates with someone with excellent credit be like? How about the typical LTV? Lot's of questions, i know!

Becky and Chris

[Daryl Anderson]

You might try @Max Eble at Huntington. He may be able to do that for you.