Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply

Personally Guaranteeing Loan for LLC Issue??
I ran across something that caught my attention that had to do with getting a mortgage for an LLC. Say if the only way to get a bank to loan to the LLC that holds the rental property was to personally guarantee the loan, does that break the protection of the LLC say if it was sued by a tenet for getting injured. Like what if the Insurance policy isn't enough to cover the damages, can the tenet then go after the owner of the LLC personally since they guaranteed the loan with their own finances if the LLC couldn't make the payments??