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Updated over 3 years ago on . Most recent reply

Prudhvi Ratna Badri Satya's profile image
Prudhvi Ratna Badri Satya's profile image
Prudhvi Ratna Badri Satya
  • Investor
  • from Georgetown, TX
  • Member since May 11, 2021
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Prudhvi Ratna Badri Satya's profile image
Prudhvi Ratna Badri Satya's profile image
Prudhvi Ratna Badri Satya
  • Investor
  • from Georgetown, TX
  • Member since May 11, 2021
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Prudhvi Ratna Badri Satya
  • Investor
  • Georgetown, TX
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Private Lending & Conventional Mortgage Advice

LLC Loan on a townhome

Prudhvi Ratna Badri Satya
  • Investor
  • Georgetown, TX
Posted

My offer got accepted for a townhome in Richardson TX for 290K and the contract is on LLC. The LLC is a manager-managed LLC with 4 members in it. Is it possible for all the members to share the downpayment for the purchase? What is the loan category/type that I need to request lenders for? Is there any other method to share the down payment with only one borrower in the loan out of the four members? Thanks in advance.

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