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Updated almost 7 years ago on . Most recent reply

User Stats

32
Posts
7
Votes
Carol Labbe
  • Southington, CT
7
Votes |
32
Posts

Do banks give HELOCs to LLCs

Carol Labbe
  • Southington, CT
Posted

I recently acquired a single family residence that I plan on flipping. I paid $65,000 for the property which had a recent appraisal of $124,000.  There is no mortgage on the property. I need the funds to rehab it, but I am trying not to go the hard money lender way. Do regular banks give HELOCs to LLCs?

  • Carol Labbe
  • Most Popular Reply

    User Stats

    4
    Posts
    1
    Votes
    Tameer Orevi
    • Lender
    • Los Angeles, CA
    1
    Votes |
    4
    Posts
    Tameer Orevi
    • Lender
    • Los Angeles, CA
    Replied

    @Christopher Lombardi Thanks for the recommendation. @Carol Labbe, please feel free to reach out directly as I would love to hear more about your business/scenario.

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