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Updated about 2 years ago on . Most recent reply

Looking for a Good local Jax bank
Hello all,
I am looking to move my properties into an LLC, then have a local Jacksonville bank take over my mortgages. I want to start a relationship with a bank so that I may get competitive commercial real estate loans to purchase future properties via the LLC. Has anyone else used this strategy? Anyone have banks they currently use that work well with this strategy? I am aware that my current mortgage rates may go up some, but if the bank can offer lower rates on future properties with how things are going now, that will be a huge advantage. Any feedback is appreciated!
Most Popular Reply

Hey Christian. I use Community First Credit Union for my business account. I currently don't have any real estate loans with them, just a business checking account, $5k business credit card, and personal checking account. I know that they can do traditional (personal) investment loans but I can't speak to if they will for a LLC. It might be worth reaching out because I do enjoy their good customer service. Good luck!
Dylan Barbetti - Investment Savvy Realtor In Jacksonville/Saint Augustine