LLC And Rehab Friendly Lenders

[Patrick Wheeler]

Hey Everyone,

Is anyone using, or has used a lender that lends to an LLC and lends a percentage of the purchase price + rehab cost? After calling a ton of banks, I have a better understanding of the ones that will lend to LLC's, but only DCU claimed they also lend on the rehab cost. Definitely looking for more options.

Any referrals to lenders people have experience with would be greatly appreciated.

[Zoltan Fagyal]

Hi Patric,

I'm in my early stages of my research but I read it here on BP that Webster Bank might do that. Have you called them?

Also, First Niagara, now Key Bank might be the other, but not sure how they are working now after the acquisition. 

Please keep us updated.