Cash Out Refinance or Line of Credit

[Harshil Kakadia]

Hello BPs,

Does anyone recommend a bank/lender in PA who can do Line of Credit on an investment properties held under LLC? I tried Wells Fargo and Chase but they both shot me down. They need the properties in personal name, not under LLC in order to do HELOC.

I am also open to the Cash out Refinance and trying out banks right now. I would appreciate any opinion/suggestions.

[Harjeet Bhatti]

@Harshil Kakadia Mostly conventional lenders will cash out on personal name. If you want to keep the property on LLC name you have to contact commercial department.