I'm looking to get a home equuity line of credit for an investment property owned by my LLC.

The loan you have with them will not support an LLC, so there is no documenation to give you.

@Mike BurkettI am currently speaking with Elite Funding Group LLC on a mixed-use property.

Given that I recently created a Series LLC here in TX, and there still doesn't appear to be straightforward options in this regard, I figured I would bring it up again. 

A better question is "Should I have a rental property in an LLC?"

., to the best of my knowledge a Wyoming LLC can own property in any state, however the LLC must register as a foreign entity in that state. 

With LLC Owner Match, DealMachine connects people to companies and companies to properties allowing you to find the owner or registered agent for nearly every corporate owned property in the country.

I believe your loan could get called if you transfer ownership to an LLC without consent of the lender, especially a brand new LLC that does not have two years of tax returns.

Generally, the biggest difference is that DSCR Loans often have prepayment penalties attached which typically will have a 1%-5% fee if you prepay the loan within the first five years so its the "risk" of having to pay a little extra fee if you sell or refinance the property pretty early on.PS - check out this series of 10 articles published on BP on all things DSCR Loans which can give you a full rundown on everything you would need to know when using this type of loan!

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!