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Updated over 9 years ago on . Most recent reply

User Stats

61
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28
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Wade Garrett
  • Montvale, NJ
28
Votes |
61
Posts

Which Lenders Close Loans to LLC's?

Wade Garrett
  • Montvale, NJ
Posted

I have my four-plex in my personal name, and would like to transfer title to my LLC. My mortgage is callable upon change of title, however. My current lender (Chase) does not close loans to LLC's. Neither does Garden State Loans, who I have done business with in the past.

Any recommendations for a lender who will refinance a fourplex into an LLC?

Thanks. 

Most Popular Reply

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4,613
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2,995
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,995
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4,613
Posts
David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Wade Garrett,

@Jeff B. makes a good point. Until your LLC has it's own revenue streams and credit established, you will likely need to provide a personal guarantee. Something to consider ...

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