Lender Recommendations for LLC

[Dan Hedges]

Hello,

I just purchased a duplex in cash that I'm looking to BRRRR. I've only used conventional financing in Michigan but recently put all of my properties in LLC's.

I’m looking for lender recommendations.

Thank you in advance,
Dan

[Matthew Crivelli]

Quote from @Dan Hedges:

Hello,

I just purchased a duplex in cash that I'm looking to BRRRR. I've only used conventional financing in Michigan but recently put all of my properties in LLC's.

I’m looking for lender recommendations.

Thank you in advance,
Dan

Hi Dan, we offer low doc DSCR loans that are made to LLC's and our current rates have been beating what banks are offering. I would be happy to have a conversation with you. 

[Ko Kashiwagi]

DSCR financing would be the way to go for LLC vesting! Plenty of people that should be able to help you. If you click on "lender" above, you'll be able to put inquiries

[River Sava]

Hey Dan, 

Happy to see if we can help you out! Sending you a dm to connect 

[Devin Peterson]

Hi Dan, I would definitely shop a few different lenders to see what terms there are out there. Good luck!

[AJ Exner]

Quote from @Dan Hedges:

Hello,

I just purchased a duplex in cash that I'm looking to BRRRR. I've only used conventional financing in Michigan but recently put all of my properties in LLC's.

I’m looking for lender recommendations.

Thank you in advance,
Dan

Hey Dan, 

Would recommend looking into lenders with optimal rehab financing (BR...) and then maybe a different one for the -RR part. Especially up in MI, there can be groups that operate differently based on what parts of Michigan compared to others.

Happy to connect to discuss more if you have some time.

Good luck!

[Connor Hibbs]

@Dan Hedges If you just purchase your property in cash and are looking to rehab it then you should go with a delayed purchase to get some of your funds back and have your rehab budget covered. I would be happy to help you with this and also am able to cover you on the DSCR side as well for when rehab is completed, and the property is rented out.