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Updated about 6 years ago,

User Stats

25
Posts
5
Votes
Michael Frankel
  • Real Estate Investor
  • New York City, NY
5
Votes |
25
Posts

Loans for 50k-75k Properties

Michael Frankel
  • Real Estate Investor
  • New York City, NY
Posted

My wife and I have built up a portfolio of low value houses (50k-75k) in NJ. We've bought all cash in an LLC and now would like to pull some equity out to purchase more. We're having a challenge finding a bank that will lend to the LLCs on these properties where the fees aren't excessive (relative to the loan value). Does anyone have any suggestions on a good lender to turn to OR a portfolio lender that would be a good fit? Thanks!

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