Mortgages Or Cash Out In An LLC
Hi. Im new at investing and we signed a contract thru our LLC to purchase our first property. I can pay cash, but do want the majority of my money out after closing. I need help on types of lenders that will lend to LLC (Is it commercial Div?) or ones that will do cash out refi or equity loc. Help
I have been working with Guidant Financial so that I can get educated on self-directed IRAs. They seem to have a wealth of information and included were a slew of affiliates they claim they can send you to for situations like yours. Most Self-directed IRAs are structured as LLCs, so they should at least be familiar with your concerns even if you do not invest with them. (I'm not sure how much info they'll give out if they know you arent' going to set up an account with them). I remember something about them saying they could place you with a lender for unusual scenarios like 50% LTV, etc...
You can e-mail me and I'll send you an attachment package from them. My mind can't seem to retrieve the file right now.
All the best!
-mk.