Hard money loan question

[Albertinny Colin]

Hi friends! Who has had experience with using a co-borrower for a hard money loan?

[Jason Shackleton]

Hey @Albertinny Colin What challenges are you facing exactly with using a co-borrower for a hard money loan? With the lenders I work with you will both need to be owners of the business entity that you are buying under.

[Michael Kinsella]

Hi @Albertinny Colin,

I second what @Jason Shackleton asked above.

Oftentimes lenders will have a 'guarantor' threshold, whereby if you own greater than a certain % of an entity, you will be required to sign on as a guarantor.

[Michael Glist]

Like Jason stated I to am interested in knowing what it is that is holding you back from obtaining a loan on your own and needing a co-borrower? Or do you think that is just something that you will need but haven't talked to a lender yet?