Hi guys, Im wondering in anyone has experience setting up one of these structures in Texas? Im looking to setup a company structure this is able to get finance in TX
Ive contacted CPAs but as of yet am yet to receive any responses so I was wondering if anyone on BP had done it themselves?
Only the lenders themselves will be able to answer whether or not you can get financing with an LLC owner. On commercial (5u+) all the ones I've talked to have said it would be no problem at all. On residential it might be a different story. Some might do it but it's up to the individual bank.
@Nicholas Andrews I will say that lenders that lend in a LLC will not always lend in a Corp. Since I am not a CPA I can not give you tax advice on what benefits each structure has, but as a mortgage broker I come across that it is easier to lend to those with a LLC.