LLC Commercial Loan for SFH Rental

Fayetteville, North Carolina
Creative Real Estate Financing
3yFollow

LLC Commercial Loan for SFH Rental

Kyle Hiester
Member since 2022 · 3 posts · 2 votes

Good Morning,

Does anyone know of/recommend any Fayetteville, NC local banks that are able to close on a commercial loan with an LLC for a SFH rental? Also, any recommendations on local real estate agents would be greatly appreciated. Thank you and have a great weekend!

0Reply
6 views

5 Replies

Jump to latestLatest
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 665 votes
    3y

    Hi Kyle, I would recommend finding a broker who is connected nationwide with commercial lending partners that can probably get you competitive rates and allow you to close in an LLC.

    [email protected]860-538-3672
    ProAlpha Capital56 Reviews
    WebsiteView Page
    0Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Kyle Hiester

    Picking the lender really depends on terms. Is it short term or long term financing? Is it a DSCR ?

    What’s the loan to purchase price ?

    From there could add some insight

    7e investments53 Reviews
    WebsiteView Page
    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y
    Quote from @Kyle Hiester:

    Good Morning,

    Does anyone know of/recommend any Fayetteville, NC local banks that are able to close on a commercial loan with an LLC for a SFH rental? Also, any recommendations on local real estate agents would be greatly appreciated. Thank you and have a great weekend!


    I'd recommend Mason Isgrig in North Carolina for this. Local to NC and does a lot of LLC DSCR Loans there

    https://alcova.com/misgrig/

    [email protected]
    Harpoon Capital514 Reviews
    WebsiteView Page
    0Reply
  • Dennis Muno
    Lender · Denton, TX · Member since 2023 · 349 posts · 80 votes
    3y
    Quote from @Kyle Hiester:

    Good Morning,

    Does anyone know of/recommend any Fayetteville, NC local banks that are able to close on a commercial loan with an LLC for a SFH rental? Also, any recommendations on local real estate agents would be greatly appreciated. Thank you and have a great weekend!


     Hello Kyle,

    I would recommend for a commercial loan you talk to a couple of banks/lenders and compare their rates, terms and options before you settle on one. Your local bank may be good but you never know who has the best financing option until you compare financing options.

    Also from your post you said you are looking for a SFH rental.If yes and true, why a commercial loan then to buy the SFH rental?

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    3y
    Quote from @Kyle Hiester:

    Good Morning,

    Does anyone know of/recommend any Fayetteville, NC local banks that are able to close on a commercial loan with an LLC for a SFH rental? Also, any recommendations on local real estate agents would be greatly appreciated. Thank you and have a great weekend!


     Hey Kyle, 

    You can close in an LLC with a DSCR loan. Best of all is that the property does not have to be leased out to qualify and it is a 30 year fixed term.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free