Hard Money Lender Newbie Questions

[Grant Milstead]

Hi BP,

Does anyone have a recommendation for approaching a hard money lender as a first time buyer in a LLC with a couple partners. I understand that I will be asked along with my partner(s) to put up our own information and guarantees on the loan but what should I expect - Will they expect all members of the LLC to provide financial statements for example? Should I expect an interest rate similar to what I could get for my primary residence if I have excellent credit? Will they allow me to put the property in the name of the LLC with the borrowers on the note in our names or do both the mortgage and the property need to be in the same names?

A little newbie advice is appreciated. :)

Thanks,

Grant