North Texas portfolio lender recommendations

[Terry Thompson]

Hello everyone,

I am interested in pulling the cash out of a rental property I own outright under my LLC... so I can go on to the next one :)

I have contacted several conventional mortgage lenders who all want me to title the property in my name. I created an LLC and put the property in the LLC for a purpose and do not wish to pull it out of that. I think that either private money lenders or small institution portfolio lenders are my only option.

I would appreciate any and all recommendations for banks/credit unions in the North Dallas area that offer portfolio loans on SFR rental property held in an LLC.

I would also love to hear of private money lenders who offer reasonably low interest rates and longer terms (to ensure the payment would not prevent positive cash flow).

And finally, any other advice on how to pull cash out of a residential investment property in Texas would be greatly appreciated.

Thanks in advance for your responses.