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Updated about 5 years ago on . Most recent reply
Property in LLC – Financing Suggestions
I recently purchased a renovation property using an LLC that was formed specifically for holding the property. It was purchased with all cash so there are no liens on the property. Because the property is held under an LLC, I can't qualify for a HELOC. Any suggestions out there for alternative forms of financing? The property needs all new plumbing and electrical.
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
Pro Member
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
@cian hamill
Go with hard money for the renovation money and then conventional financing once the property is stabilized
Stephanie