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Updated over 9 years ago,
No Credit or Cash Flow, but Cash Reserves available.
When starting a Real Estate Investing LLC that has no credit or cash flow, but has large sums of cash reserves, due to deposits from private investors who own a % in the LLC, what are your options in terms of loan mortgage financing? For example, a newly formed LLC has $500K , but no credit or cash flow, typically what type of loan options are available if this LLC wants to purchase a multi-unit apartment complex well exceeding $500K? How much is a bank usually willing to loan a company in this position during a hot RE market with low interest rates?