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Updated almost 8 years ago,
Conventional Financing opportunities for LLLP's?
Here's the background...I have been shown a portfolio of 20 properties...
all SFR, recently rehabbed, all with a tenant in place on annual leases as opposed to month to month, all cash flow positive, NOI's of 14 to 21% on a fully paid basis. I could buy 1 or 2 outright, or 5 to 10 if I could get convential financing terms.
However...
I am a Canadian. I am the GP of a US LLLP, in order to be able to legally investment in US real estate.
This makes it tough to finance through conventional sources.
Anyone able to aim me in the direction of a lender interest in financing this type of business relationship?