Where can an LLC get a loan/mortgage?

[Robert Pole]

I have an LLC which owns 3 two family houses fully rented. There are no mortgages on these houses. I'm looking to pull 60-70% of the equity to purchase more properties to rent out and boost my income. I'm not in a position to get a personal loan right now but not because of bad credit. I've been getting shot down with all different excuses which don't make sense to me. Where's a good place to look?

[Marty Johnston]

@Robert Pole if the 3x duplexes you own here at producing good cashflow, you have 680+ credit, and the properties have a value of $50,00+ per door (minimum value of each as a whole >$100,000), then you would have a good number of options in the secondary market lenders. These are not-bank type lenders, or 'bank alternate' as many refer to. They're asset-based lenders who don't require tax returns, W-2s, or Paystubs to offer you a loan. Rates are slightly higher than banks and credit unions, but you should be able to expect rates in the mid 5 - high 6% range on a 30-yr fully fixed mortgage. These will be to the LLC, not you personally.

Please don't let asset-based confuse you though in respect to not requiring an underwrite on your personally as an individual. While they are more specifically looking to the asset to service the mortgage, you'll still have to PG the loan, and they will still need to pull credit to make sure that they're lending capital to a responsible investor. They want to make sure you don't have any mortgage lates (a big red flag to lenders), tax liens, or other significant derogatory credit lines. 

I just shot you a DM also to adhere to the rules here, but let me know if you'd like to chat more on this!