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Updated about 6 years ago on . Most recent reply

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9
Posts
1
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Kate M.
  • Investor
  • Blue Bell, PA
1
Votes |
9
Posts

Best Finance options for refi on a rehab loan in a LLC

Kate M.
  • Investor
  • Blue Bell, PA
Posted

Hello,

I am looking for some advice and possible contacts. Currently, I have one property in an LLC which was financed as a rehab loan. I have since fixed it up and got tenants in there. I am now currently looking to refi in order to lock in a lower % rate and take some cash out for my next property.

I am having some difficulty in finding a finance company that will offer the LLC a loan. I am currently unemployed and trying to do real estate full time. I do have some cash reserves. I also have two other properties which are not LLC'd currently.

Could anyone possibly provide me some insight on how best to get a loan for this LLC? Contacts for financing or where to look would be great! I was thinking ultimately a portfolio loan but I have 3 single family homes at the moment and was under the impression you need 4?

Any help with this matter would be greatly appreciated.  

Thanks in advance!   

Most Popular Reply

User Stats

9
Posts
1
Votes
Kate M.
  • Investor
  • Blue Bell, PA
1
Votes |
9
Posts
Kate M.
  • Investor
  • Blue Bell, PA
Replied

Thank you for your response.  So my best bet would be a commercial loan broker?  could you please possibly point me in the direction of one or two?

thanks!

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