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Updated 6 months ago on . Most recent reply

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George Willey
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Equity Options for Property in an LLC

George Willey
Posted

Looking for some help from the brain trust.

What are my loan or financing options if I want to pull some money out of my rental property that have titled to my LLC? Bonus points if you can suggest lenders in AZ...

I have done a lot of googling and called a couple of local credit unions and have been hitting a snag when I inform them the property is owned by my LLC (both HELOC and Refi).

Am I really down to hard money loans or business loans from the LLC itself?

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Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
  • Lender
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Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
  • Lender
Replied

You can do a 1st or 2nd Mortgage DSCR loan and be able to close in an entity. Rates on a DSCR 1st are pretty low compared to a conventional loan

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