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Tim Goz's profile image
Tim Goz's profile image
Tim Goz
  • Real Estate Investor
  • from West Sayville, NY
  • Member since Jan 25, 2017

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Tim Goz's profile image
Tim Goz's profile image
Tim Goz
  • Real Estate Investor
  • from West Sayville, NY
  • Member since Jan 25, 2017
Tim Goz
  • Real Estate Investor
  • West Sayville, NY
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Private Lending & Conventional Mortgage Advice

Cash Out Financing w 3 Buildings in an LLC

Tim Goz
  • Real Estate Investor
  • West Sayville, NY
Posted

We have owned 3 rental properties with a total of 7 rental units in Buffalo NY for over 5 years

They have no mortgages and are held in a single LLC. We are looking to take cash out (70-80%) of these properties but because we do not live in the Buffalo area, the local banks will not write us a mortgage. The banks where we live (Downstate NY) will not lend on properties in Buffalo.

The financials on these properties is excellent.

Does anyone have any solutions to our problem?

Thanks

Tim

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Jay Hinrichs's profile image
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Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014

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Jay Hinrichs's profile image
Jay Hinrichs's profile image
Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

Instead of pointing you in the right direction LOL code for call me  :) just being factious.

try these lenders

Lima One

Lendingone

Realty shares

LendinghomE

Peak

Cogo Capital

I bet one of them will fill the need

good luck

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JLH Capital Partners
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