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Updated over 6 years ago on . Most recent reply

Carol Labbe's profile image
Carol Labbe's profile image
Carol Labbe
  • from Southington, CT
  • Member since May 23, 2017
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Carol Labbe's profile image
Carol Labbe's profile image
Carol Labbe
  • from Southington, CT
  • Member since May 23, 2017
Connect
Carol Labbe
  • Southington, CT
7
Votes |
32
Posts
Private Lending & Conventional Mortgage Advice

Do banks give HELOCs to LLCs

Carol Labbe
  • Southington, CT
Posted

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?

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    Tameer Orevi's profile image
    Tameer Orevi's profile image
    Tameer Orevi
    • Lender
    • from Los Angeles, CA
    • Member since Aug 17, 2015
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    Tameer Orevi's profile image
    Tameer Orevi's profile image
    Tameer Orevi
    • Lender
    • from Los Angeles, CA
    • Member since Aug 17, 2015
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    Tameer Orevi
    • Lender
    • Los Angeles, CA
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    Tameer Orevi
    • Lender
    • Los Angeles, CA
    Replied

    @Christopher Lombardi Thanks for the recommendation. @Carol Labbe, please feel free to reach out directly as I would love to hear more about your business/scenario.

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