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Updated about 7 years ago on . Most recent reply

User Stats

30
Posts
8
Votes
Gabriel Martinez
  • Austin, TX
8
Votes |
30
Posts

Banks that offer HELOC Loans under an LLC

Gabriel Martinez
  • Austin, TX
Posted
Anyone have any luck finding a bank that offers HELOC Loans under an LLC? I have found a bank that allows you to purchase rental property under your own name, but keeping the rental property under your name doesn’t provide any asset protection!

Most Popular Reply

User Stats

108
Posts
50
Votes
Brooke Noth
  • Lender
  • Austin, TX (NMLS #1674054)
50
Votes |
108
Posts
Brooke Noth
  • Lender
  • Austin, TX (NMLS #1674054)
Replied

Hey Gabriel, I have a contact at BB&T that can offer a line of credit for businesses. Let me know if you need their contact information. You could always purchase the property in your personal name and transfer the deed over to your LLC for the asset protection.

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