Although we’re not a local bank or credit union, we are independent mortgage brokers with experience in financing options that consider rental income rather than personal income. 

I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.

You can still reasonably expect to find financing for those asset types.

A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

Is there financing available?   

A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.

Scaling with Business Lines of CreditAs your business credit grows, you’ll qualify for larger funding opportunities such as:Business Lines of Credit (LOCs): Flexible borrowing for down payments, renovations, or operational expenses.Unsecured Business Loans: Access up to $250K or more without tying up personal assets.These financing tools allow you to scale faster while keeping personal credit utilization low.5.

Bought with seller financing with 3 year balloon.

Dave will know the answer and I just wanted to post this in time so he could explain the financing while telling you, I believe, that your refinance will be fine.

Welcome to the community and be ready for a huge amount of information at your finger tips.