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Updated over 9 years ago on . Most recent reply

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Michael W.
  • San Antonio, TX
2
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Hard Money Loan

Michael W.
  • San Antonio, TX
Posted

When getting a HML would it be tied to my LLC or to me as an individual?

I have an LLC with a partner.

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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
Replied

Depending on the lender you use for the HML it can be either. We do both. You have more asset protection in an LLC and we encourage entity set up for our borrowers. In Texas, you can do series LLC formations and they are even better. For your long term financing, an entity again will be preferred. Let me know if you need more help.

  • Charlie Fitzgerald
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