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Updated over 5 years ago,

User Stats

9
Posts
1
Votes
Kate M.
  • Investor
  • Blue Bell, PA
1
Votes |
9
Posts

Best Finance options for refi on a rehab loan in a LLC

Kate M.
  • Investor
  • Blue Bell, PA
Posted

Hello,

I am looking for some advice and possible contacts. Currently, I have one property in an LLC which was financed as a rehab loan. I have since fixed it up and got tenants in there. I am now currently looking to refi in order to lock in a lower % rate and take some cash out for my next property.

I am having some difficulty in finding a finance company that will offer the LLC a loan. I am currently unemployed and trying to do real estate full time. I do have some cash reserves. I also have two other properties which are not LLC'd currently.

Could anyone possibly provide me some insight on how best to get a loan for this LLC? Contacts for financing or where to look would be great! I was thinking ultimately a portfolio loan but I have 3 single family homes at the moment and was under the impression you need 4?

Any help with this matter would be greatly appreciated.  

Thanks in advance!   

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