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Updated over 3 years ago on . Most recent reply
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Non Recourse RENTAL loan providers for MIchigan (SFR / Duplexes)
For Rentals in MI, are there any recommendations for Non Recourse loan providers? I have excellent credit (around 780 - 810), but would still need to stay away from Personal Guarantee on these LLC owned properties. I've exhausted the BP List for "Rental" type of loans (Not fix and flips), and wanted to explore if any of you have a "happy" / ongoing relationship with Mortgage providers?
Currently, I am just planning to cash-out Refi one SFR rental, + add at least 2 Duplexes within the end of the year, if the resources and relationship are strong.
Most Popular Reply
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We have always used NASB for Non-Recourse Loans in our SDIRAs and SOLO401Ks. I think @Dmitriy Fomichenko or @Brian Eastman might have a list of lenders who SPECIALIZE in this type of loan, which is different than a 'normal' rental loan.
Dan Dietz