Updated over 4 years ago on . Most recent reply
Comercial loan for LLC
I Am trying to buy a house through my LLC. The credit union said I have to use a comercial loan which will be a 30 year loan but the interest will be fixed for 5 years. The interest will adjust every 5 years throughout the loan and after 15 years they will redo the loan to make sure the business is in good condition and can still afford the loan. Is this normal?