cash bought,LLC owned rental property-How can I cash out/borrow..

2 Replies

I have cash bought, LLC owned property.

I wish to keep the property & borrow against it to get a line of credit.

-Does anyone know of specific lenders who who will assist me?

-What products can I use? Do I need a commercial line of credit or can I get a loan if I use my personal name to guarantee the LLC loan? Who offers this?

@Joe R.

What type of property is owned? Depending on the property, this will dictate what type of lender you should target. Personally, I would contact local banks and credit unions about their loan programs. Being in a LLC should not be an issue since you will be a personal guarantor most likely.