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Updated about 6 years ago,
Do banks give HELOCs to LLCs
I recently acquired a single family residence that I plan on flipping. I paid $65,000 for the property which had a recent appraisal of $124,000. There is no mortgage on the property. I need the funds to rehab it, but I am trying not to go the hard money lender way. Do regular banks give HELOCs to LLCs?