LLC Funding in Texas

[Daniel J.]

My business partner and I will be using an LLC to buy and hold rental properties. I do have access to a tradional commercial lender we can use, I would prefer to avoid that because of the ballon note though. Are there other good options for lending on small multifamily properties that would avoid the ballon note? I have seen some of these private lending companies that offer similar terms to a traditional mortgage. Are they a good option? I did try searching for an answer on the forums and could not find an answer.

Thanks!

Daniel

[Andrew Postell]

@Daniel J. If you are open to conventional lending you will have no balloon payments. The notes will be 30 year fixed rate loans. The catch is you would need to close in your name then switch to the LLC after closing. But the rates and terms and significantly better. Just an idea.