First BRRRR Commercial loan

[Marcus Holloway]

I'm completed the rehab on my first planned brrrrr deal. It's a SF I own outright in a 50/50 LLC partnership.

The home was in total disrepair so we had to strip it down to the bones. 

In the current climate, we knew the refi would be difficult but not impossible. One issue that did "pop-up" was that since we purchased the home cash, within the LLC, we have to do a commercial loan vs a residential. I didn't know that.

I was expecting to go to a home lender and basically say "Hey, we have good credit. We rehabbed a home with personal credit; give us money." 

lol, that's clearly not the case. The application process for commercial business loans has been an experience. 

Any advice or insight on navigating commercial REFIs owned in LLCs?

Thanks