Updated almost 5 years ago on . Most recent reply
Portfolio loans/Cash out refi in St. Louis
Hi Everyone,
I'm going to be making offers on my first properties in the next 2 days or so and was wondering if anyone knew of good banks/Credit unions in the St. Louis area that have good rates and terms on cash out refi for LLC's and/or good terms on conventional loans for LLC's. I've only talked with 1 bank/2 CU's so far, but neither had anything good, 65/35 15yr fixed starting ~4.5% and with no cash out option, or just flat out don't do loans to LLC's.
I've considered doing the loan in my personal name to start also, but would like to keep it in the company as added protection. Anyone in the StL are got suggestions?
p.s. Anyone know a good RE Lawyer they can recommend in St. Louis, I want to have one I can talk to just in case.
Most Popular Reply
I've used F&B Financial Group and Midwest Regional Bank for portfolio lending. Best of luck!