Funds available to buy single family investment properties

[Laura B.]

I am looking at a single family house and would like to buy it in an LLC. I want to finance it through the LLC as a commercial property even though it is not a multi-family. Aside from hard money, is there money out there to do that? If so, what are the current interest rates and can I get a 30 year amort?

Thanks in advance

[Nick L.]

@Laura B. You can finance any kind of property as commercial if you want to. Usually it's preferable to finance them as 1-4 unit residentials, but if that's not available to you then commercial is possible. As @Daniel Chang said, you would need to give a personal guarantee even if the property is in an LLC.

I've financed duplexes as commercial before, and had approval to finance SFRs. But I have pre-existing commercial relationships with those banks. I don't know if they would do it for someone as a first investment property.

What is it about you or about the property that makes you think you can't get a conventional residential investment note? If it's just the fact that you want it in an LLC, I would strongly suggest just dropping the LLC, getting regular financing and taking out an umbrella insurance policy. It will be a lot cheaper and more effective.