Updated almost 5 years ago on . Most recent reply
Obtaining a loan as an LLC
Some friends and I want to start an LLC as a real estate investment company in New Jersey and obtain a mortgage through the LLC. After doing a bunch of Googling, I am finding differing answers as to if this is possible or not. Does anyone have first hand experience with this? Thanks in advance.
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@Sarah Wood Anything is possible - you just have to find a lender willing to do it! In all likelihood, without any assets or credit history to it's name, a bank is going to have a hard time giving your brand new LLC a loan. They're going to want at least one individual to sign for the loan for underwriting.
But it does depend on where the money is coming from.