Updated over 6 years ago on . Most recent reply
Commercial loan is there a max to have at once?
Hows it going guys, I been Curious on how many commercial loan can a entity have at once? Is it possible they could have multiple at a time for different properties?
Thank you for your time and help..
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Greg Dickerson
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Greg Dickerson#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
@Marvin Bonilla yes it is possible. It all depends on the lender and the company. The company will need to have strong financials and a solid track record.
It's usually advisable to put each property in a separate LLC with its own loan. This is much easier and keeps the liabilities limited to the one property so it not affect the whole.