Looking for 80% ltv multifamily for new LLC in Las Vegas
I'm looking for a lender in Las Vegas, Nevada who will lend to a new LLC. I would like to establish an LLC for a multifamily property for a buy and hold rental. I would like to put down 20% and obtain an 80% ltv.
My current broker can do 75% ltv but its conventional and cant do LLC.
If this is doable I would like to scale it. Ultimately after I do a deal with my own money down I would like to find private money partners to front the down payment for a straight 6-8% interest rate. I know some lenders require skin in the game but is there a way around this if 20% down is made from a private source?
Exit strategy would be to hold these properties for at least 5 years and then refi to pay the private investors money back. If refi cant be done then the backup exit strategy would be to sell.
Has anyone been able to do this strategy successfully?
Thanks
Jim