My guess is the commercial loan but talk to your bank.

Conventional bank loanHow did you add value to the deal?

The bank can also order the appraisal to determine the current value.

We took out 2 private loans from friends who wanted better return on money than what the banks gave them.

Now the property is about $300,000 as per Redfin estimate and I still owe about $150,000 with the bank on this loan.

Now the property is about $300,000 as per Redfin estimate and I still owe about $150,000 with the bank on this loan.

@Will KingYes, Titan Bank is a good option in addition to Solera Bank.

If not, you can't buy in an LLC unless you are paying cash or using a local bank who knows you and is willing to use your account as collateral for a new LLC without two years of tax returns.

I'm not sure about National banks but I have spoken to two regional banks who theoretically will allow it. 

Be the bank.