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Updated over 5 years ago,

Joe R.'s profile image
Joe R.'s profile image
Joe R.
  • Investor
  • from Cream Ridge, New Jersey
  • Member since Jul 17, 2016
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User Stats

30
Posts
2
Votes
Joe R.'s profile image
Joe R.'s profile image
Joe R.
  • Investor
  • from Cream Ridge, New Jersey
  • Member since Jul 17, 2016
Connect
Joe R.
  • Investor
  • Cream Ridge, NJ
2
Votes |
30
Posts
Private Lending & Conventional Mortgage Advice

cash bought,LLC owned rental property-How can I cash out/borrow?

Joe R.
  • Investor
  • Cream Ridge, NJ
Posted

I have cash bought, LLC owned property.

I wish to keep the property & borrow against it to get a line of credit or a cash out refi.

-Does anyone know of lenders who who will assist me?

The 5 local banks I contacted so far have told me they cant help because the LLC owns the property and they would not allow me to add my personal name to it to guarantee a loan.

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