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

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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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