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Updated over 4 years ago on . Most recent reply

User Stats

22
Posts
1
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Garrett Hollenbach
  • Rental Property Investor
  • Salisbury, MD
1
Votes |
22
Posts

Why do LLCs have difficulty getting loans?

Garrett Hollenbach
  • Rental Property Investor
  • Salisbury, MD
Posted

I have had some banks tell me they won't refinance a property under an LLC. I'm trying to understand why? Moving forward (as a investor that has 3 doors) I'm trying to decide if I'm going to get an LLC. I know there is 1000 different opinions out there so this isn't about whether or not I should get an LLC. This is about understanding why banks don't always like working with LLCs. Any insight would be great! Thank you BP community!

  • Garrett Hollenbach
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