Accessing equity in a Investment Property that's in a LLC

[Lesleigh S.]

Hi,
I purchased my first rental property in cash in January this year (In Texas), which I then placed in a LLC. I now have a renter with a years lease. I'd like to pull the equity out of the property to finance a 2nd rental property. I'm running into hurdles as conventional loans will not loan to a LLC and I've spoken to some smaller banks in Texas, but they are offering higher rates. Any guidance on what others have done when you have investment properties in LLC's and getting financing?

Thanks, Lesleigh