Rental SFR held in TX LLC - Local Lenders (Non HML)

Rental SFR held in TX LLC - Local Lenders (Non HML)

Investor · Plano, TX · Member since 2015 · 10 posts · 0 votes

Are there any local banks (in DFW) that lend on rental properties held inside LLC.

We used to work with a mortgage banker who had to move out of DFW so looking to see if others have any contacts / recommendations

Have tried  BOA, Chase and LegacyTexas / Viewpoint without much luck.

0Reply
3 views

Most Popular Reply

Investor · Garland, TX · Member since 2015 · 30 posts · 40 votes
10y

Pavan,

We're used Legacy Texas/Viewpoint, but you have to already be a banking client. They don't advertise that they do portfolio loans, but they do if you're a client. @Jason Hirko, if he's asking for the same reason I needed to know, he's looking for a long-term mortgage not HML that avoids ever having the property in his personal name. For optimum privacy and asset protection, it's best if the title trail never actually has your name in it. Just some thoughts there!

Jason Hirko

Jason Hirko

See this reply in the discussion

5 Replies

Jump to latestLatest
  • Lender · San Antonio, TX · Member since 2016 · 1k+ posts · 1k+ votes
    10y
    Originally posted by @Account Closed:

    Have tried  BOA, Chase and LegacyTexas / Viewpoint without much luck.

    That's why people use HML...

  • Dallas, TX · Member since 2015 · 50 posts · 17 votes
    10y

    There are plenty of community banks who will do this. Try T Bank:

    16200 Dallas Pkwy Suite 190, Dallas, TX 75248

    tbank.com

    -Hiron
  • Investor · Garland, TX · Member since 2015 · 30 posts · 40 votes
    10y

    Pavan,

    We're used Legacy Texas/Viewpoint, but you have to already be a banking client. They don't advertise that they do portfolio loans, but they do if you're a client. @Jason Hirko, if he's asking for the same reason I needed to know, he's looking for a long-term mortgage not HML that avoids ever having the property in his personal name. For optimum privacy and asset protection, it's best if the title trail never actually has your name in it. Just some thoughts there!

    Jason Hirko

    Jason Hirko

  • Real Estate Investor/ Lender · Newport Beach, CA · Member since 2014 · 36 posts · 10 votes
    10y

    @Account Closed Did you find a lender to refinance your rental held in LLC? Colony American Finance, specializes in this type of SFR financing.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.