30 Year Fixed and Non Recourse Loans for Purchase by LLC
To the group:
Often within podcasts, speakers discuss 30 year fixed/residential, FHA loans and even non-recourse loans. I have yet to find a lender (short of a hard money lender) who deals in anything over a 7-year fixed loan, and due to the entity being an LLC, do not offer FHA or non-recourse loans, as these loans are considered commercial and not residential loans. Am I missing something?
If I am correct, are these podcasts expecting that the people purchasing these real estate properties are holding them in their own name, rather than an LLC (which in my mind is very risky)?