Updated over 3 years ago on . Most recent reply
Can an LLC qualify for a regular conventional loan?
Hi everyone! Not sure if this has been asked yet but my father in law is purchasing a property all cash. He would like to know if it would be possible to get a loan on the property if he titles it to an LLC. Thoughts?
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It wouldn't be a "regular conventional loan," but the short answer is yes. As long as his intention is to rent the property out, not to occupy it himself, his LLC can obtain a commercial mortgage on the property that looks similar to a conventional residential mortgage. Rates may vary depending on a few factors, but overall he could get a 30-year fixed loan at 75% LTV, starting at around 4.75%+.