Any fix and flip lenders without LLC?

[Joshua Schoer]

Hi,

I've been looking to use financing on my next flip but it seems most of the lenders I've contacted (5 arch, etc) require me to have an LLC in Florida.

Does anyone have a lender that will lend personally for fix and flip (have 800 FICO, good income, etc)?

Don't want to deal with an LLC if I don't have to, will be easier to refi the rehab loan with a bank if it is under my name.

Thanks in advance!

[Michael Kieffer]

@Joshua Schoer, @Patrick Daniel is correct in that you need an LLC for hard money loans in FL. I'd also add the slight inconvenience and few hundred dollars to set it up is worth the personal liability protection. There have been many instances of workers getting hurt on the rehab, and you really don't want those risks. Our hard money line of credit program might be something of interest to you. We also have 30yr loans with only 60 day seasoning periods if you decided not to flip and rent out instead (Brrrrr). If you ever wish to discuss, feel free to reach out.