Seeking Long Term Financing

[Sam Byrd]

I'm seeking financing in Texas.  

Rehab properties (LLC owned)

-30 year term

-ARV of ~$100k - $120k

-70 - 75-% cash out refi

-non-owner occupied

-No seasoning

-Low doc

1 property ready to go now, 2nd property ready to go early December. 

Please feel free to send me a message if you offer a product that will meet my needs. 

Thank you. 

[Jon Holdman]

You're looking for a unicorn. If you want 30 year fixed you need to put the property on your own name and get conventional loans. If you want to have them owned by an LLC you're looking at commercial financing from a portfolio lender. That's entirely possible, thought you're still looking at a personal guarantee. But those won't be 30 year fixed. I know one here that will do 15 year fixed, but nothing longer.

Hopefully someone does know a lender who will do this. But I think you're going to need to adjus your expectations.