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Updated about 6 years ago on .

User Stats

520
Posts
491
Votes
Pete Harper
  • Rental Property Investor
  • Streetman, TX
491
Votes |
520
Posts

Central Texas commercial financing

Pete Harper
  • Rental Property Investor
  • Streetman, TX
Posted
I’m looking for leads on commercial lenders in central Texas. We are just starting out with LLC and I’m having difficulty finding lenders willing to work with an LLC less than one year old. We have a portfolio of mostly raw land that I’m developing into buildable lots. Planning to roll over equity using 1031 exchange in next 6 months. I would like to be able to leverage equity using commercial financing. One of the Parcels is under long term lease with $4100/month cash flow, Cash reserves, and equity in two other parcels How is the best way to build credit history for LLC? Do I start out buying smaller properties for cash then pull equity out using HELOC?