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Updated over 7 years ago on . Most recent reply

User Stats

42
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17
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Martinis Jackson
  • Hyattsville, MD
17
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42
Posts

Personally Guaranteeing Loans

Martinis Jackson
  • Hyattsville, MD
Posted
Greetings BP Network: I am working with a lender who will refinance as I continue to BRRR throughout the year. The loans are in the name of my LLC; however, I will be a personal guarantor on each loan. Since my LLC does not currently have established credit and income, this appears to be my only means of securing refinancing. Obviously, I don't want to be on the hook for dozens of loans. How are people navigating this issue? How are you establishing a FICO score of sorts for your LLC? Thanks in advance! Best regards, MJ

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