Union county is as far south as they go at the moment.

If you are running a LLC for your rentals is essential that you keep all business  funds in a separate account I like Credit  unions the best .

You could also look into regional banks or credit unions with experience in real estate development for middle-ground options.If I were you, I’d spend some time shopping around for the best rate/terms.

While not my main area of practice I represented a Brooklyn credit union lender, some buyers/sellers and a few landlords in real estate transactions and rent arrears cases.While we had successes and some failures along the way I ultimately concluded that I wanted to do something different with my life and cashed out of the business.

Id go right into looking at local credit unions and small community banks for HELOCs (lines of credit) so you can have a lower blended rate and draw/payback as you please.For the 3F - Since this is free and clear, you would only be looking at 1st position options here in the world of financing.

I accepted a tenant into a B class rental a few years back who was making low 6 figures at the time as a union boiler-maker but had NO CREDIT SCORE!

Credit Union, Brokers, Banks (all have different advantage & disadvantages). 

The credit unions tend to have lower fees and offer solid business products.

I suspect a local bank/credit union would waive the seasoning with such a strong DSCR on this.And yeah, I was debating on the ARV, particularly given the amount of rehab you will do.

However, we take responsibility and worked diligently on finding more deals.In regard to Stefan's comment, I've noticed we deleted 30 negative items from your credit report in total (15 from Experian and 15 from Trans Union) while you were in our credit repair program (I just took a look at your file).