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Updated over 7 years ago on . Most recent reply

Ed Matson's profile image
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Ed Matson
  • Investor
  • from Stratford, Connecticut
  • Member since Oct 11, 2015
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Ed Matson's profile image
Ed Matson's profile image
Ed Matson
  • Investor
  • from Stratford, Connecticut
  • Member since Oct 11, 2015
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Ed Matson
  • Investor
  • Stratford, CT
230
Votes |
258
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Buying & Selling Real Estate

Financing for Buy and Hold - In LLC

Ed Matson
  • Investor
  • Stratford, CT
Posted

Hi All,

We currently have two rentals in southern CT under temporary financing. They are held in an LLC. We would like to put them under permanent/long term financing. I have a quote from a local bank for a commercial loan and am looking for other options. Does anyone have any experience they can share on Colony American Finance or B2R, or other suggestions? We would prefer to continue to hold these assets in the LLC.

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Eric Kang's profile image
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Eric Kang
  • Investor
  • from Los Angeles, California
  • Member since Dec 30, 2014
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Eric Kang
  • Investor
  • from Los Angeles, California
  • Member since Dec 30, 2014
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Eric Kang
  • Investor
  • Los Angeles, CA
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100
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Eric Kang
  • Investor
  • Los Angeles, CA
Replied

Hi Ed, 

You would be required to create a new Delaware LLC and would need to transfer the assets into this new entity. B2R (now called Finance of America, Commercial) should have the same requirement.

Let me know if I can answer any questions for you.

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