Accessing a loan to buy investment property in LLC

Accessing a loan to buy investment property in LLC

Member since 2020 · 1 post · 0 votes

Hello, I trust everyone is keeping safe. I am new to BP and want to buy an investment property in the MD/DC/VA area using LLC (preferrably a condo). Mortgage company says loan can only be provided in individual name or revocable trust. Open to ideas on how to finance using LLC or how to structure the investment to protect assets. From the research I have done online, it seems the revocable trust does not protect assets. Thanks in advance

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  • Morris County, NJ · Member since 2020 · 5k+ posts · 2k+ votes
    5y

    @Olu Odum

    Legal entities such as LLC's are not eligible for a conforming residential loan. You are probably talking to a residential lender. Seek out commercial lenders.

    Good luck.

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