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Marlan Jones
  • Real Estate Investor
  • Ohio
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LLC LOAN IN NE OHIO

Marlan Jones
  • Real Estate Investor
  • Ohio
Posted

Does anyone know of any credit unions/savings & loan banks/regional banks in NE Ohio that are willing to loan to LLC's for the purchase of investment property with a personal guarantee by the owner of the LLC?

I have good credit and solid cash reserves and know I could qualify for the home I am interested in as an individual but I want to build income as well as credit for the LLC for future purchases in the name of the LLC. Another reason I want to do this in the name of the LLC is that I plan to purchase a more expensive home to live in within the near future as well and don't want my DTI ratio to change for the worse if the property is not cash-flowing just yet at the time I purchase my OO property.

Has anyone had luck finding a national lender like this if not local to my area?

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