BRRRR cashout refi for LLC

[JD Causse]

I have several of my properties in an LLC for asset protection but I have had a really hard time finding financing companies willing to offer cash out refi to implement my BRRRR... because my properties are held in a LLC!. I tried many local small bank and I don't understand why no one will touch it when there is plenty of collateral value to secure the loan! My personal credit score is great...

so much talk about BRRRR... I am sure I am not the first one doing this with a LLC!

any lender recommendation?

[Christopher Winkler]

We don't care if you are in a LLC or individual and we loan in a dozen states & growing. For landlord loans we can do a 5/1 ARM RT up to 80% LTV starting @ 5.75% or cash out starting at 75% LTV. Or for 30 year starting @ 6.25%. You do need a value in the $130-150k minimum as loans range from $100k to $3.5M. Low doc, not for personal use, no income statements or tax returns needed. Just based on appraised value and if DSCRi is >1% or better, meaning rents need to cover principal, tax & interest.

And if you are being a rental ready to rent or just needing lipstick, we can also do a purchase loan up to 80% LTV starting @ 6.25% for 30, or the 5/1 ARM above. If anyone is interested, please PM me for more info.