I'm looking for the best option with regard to financing rehab properties through my LLC. What I've heard so far is 30% down plus 1 point at closing to acquire, prime + 2 rate, up to 100% construction costs in disbursements not to exceed 65% ARV. My two member LLC has decent FICO scores, incomes, and modest reserves (we're both professionals in other fields). Personal guarantees would be ok, at least at first. We'd ideally like a lower % down-payment requirement, 0 points, and lower interest rate. Also, how can these construction loans be refinanced after project completion to recoup the downpayment and perhaps put the funds towards another property? These properties would be in PA. Any help appreciated,
Mark