Securing Line-of-Credit with Bank

7 Replies

Originally posted by @D Turner :

Which banks are providing the best LOC rates and limits right now for real estate LLC's?

I am heavy in collateral but light in-cash for cash purchases.

Thanks for the help.


Look at local credit union. So far I have found multiple offering around 60 to 70% LTV.

For bigger banks, TD bank will do LLC LOC (10 year draw, 15 year repayment, 1/2 point fee, 70% to 75% LTV, 4 to 4.5%)

 

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