Looking for a Bank in Los Angeles, California

[Andrew Thomas Sherman]

Hello, fellow BP'ers! I'm new to real estate investing and I've just finalized my LLC here in California. I'm looking to open a bank account for the business and will likely choose a local bank or credit union. I've been told, however, that some banks are hesitant to give home loans to LLCs.

Has anyone had experience with a bank who is willing to give their LLC a home loan? Do you all just take out business loans instead?

[Jonathan Orr]

It really depends on your experience and cash on hand.  If banks look at is as an investment property and you are putting in enough equity then there should be no issue, I would go to the bank you have your business account with, or a bank you have done business with in the past.  I really guess that it is alot of meet and greet to find the right one that will work with you specifically.  This will be a good learning experience so you know which ones will and won't work with you.  

Good luck!