Updated almost 10 years ago on . Most recent reply
Conventional Lending Terms to an LLC
Hi everyone! This is my first time posting to the BiggerPockets forum. My husband and I formed an LLC and are currently building our team and searching out properties to invest in. I've been surprised at how different the lending terms are for LLC's versus an individual. In our area, we are being offered 15 year loans, with rates that adjust every five years. We also have to put down 25%. I'm in the Pittsburgh area. I'm curious what other borrowers (as LLC's) are seeing. Would anyone care to share? Thanks!