Updated about 18 years ago on . Most recent reply

Residential Financing for LLC
Does anyone have any advice on getting a residential mortgage in the name of my LLC? I went to a broker and they said I wouldn't be able to do it, that I would have to get the mortgage in my name and buy the property in my name then transfer it to the LLC and pay transfer taxes again.
Do you know of any lenders that will let me get the loan in the LLC name with out having to pay the higher interest rates for a commercial loan? Or are their some questions I should ask my local lenders to find the right brokers/banks to work with. Is there a trick to it?
Thanks,