Wasting time with Non-Agency Portfolio loans

[Adam Za]

So its been 2 years of back and forth with multiple brokers, banks, and lending groups and to my dismay every time I start a process with anyone it always ends up with, oh we did a title search and your properties are under an LLC we can't lend to you. It is getting exhausting to keep getting the run around for so long.

The back story, we are a family owner and operated investment group with multiple single family homes spread across broward and miami-dade counties. All of our properties are under LLC's usually in groups of 2 or 3 properties per company. We have exhausted our financial resources and looking ahead we wanted to pull some equity out and keep the buying spree up. Most recently I was put in touch with a broker that understood our needs and referred us to his "loan processor" she is coming back to me now after 5 weeks of paperwork back and forth oh we ran title on the properties and they are under LLC, I lost my $#@%. So to make a long story short, its the 3rd time this is happening, why do people love wasting time, money and efforts on a loan that is not cut for them in the first place is beyond me. I was upfront, and straight forward before the process began with the originator and his processor, I am aware its difficult to find someone that does portoflio lending in these areas but my ears are open. If you have some guidance as too what I should look for or who I should call let me know!