Are their long term loans available for companies (15-30yr)
Just getting my REI business launched and one of the goals is to acquire Buy/Hold property under our LLC (We want the property deeds under our LLC name for personal asset protection)
We have sources of short term capital lined up for Fix/Flips, but the longest term loan I've found is for 5 years w/ Balloon at the end for Buy/Fix/Hold.
Is it possible to get long term loans for a business, specifically 15-30 year amortization loans, similar to residential real-estate loans that a private person can get, and where would I look?
Our personal mortgage company doesn't do this, and my commercial mortgage company doesn't either.
Should I just keep calling more lending institutions?
Any help would be great...thanks!
Justin
-
Real Estate Agent MN (#40469186)
- Lynnhurst Holdings LLC