Found a bank offering conventional financing to LLC's

[Chris Connery]

Just found a large local bank today that will loan conventional financing to 1-4 units Bought under LLC's. 20% down,fixed rate, 30 year term. I have never found this. Not sure if naming the bank would be in violation of the forum rules so you can PM me or advise me if it is not in violation.

[Russell Brazil]

Thanks for the clarification. The rate was actually extremely reasonable. 4.45% when I called today. No points. The interesting part was that the payments would have to be made bi-weekly if I went with the 30 year term. 20 year fixed could be made monthly.

This is interesting. You might want to clarify whether the "extra" payment on the year then goes to principal, interest, or is split the same. When you make biweekly payments, you make the equivalent of 13 full payments on the year as opposed to 12. (26 biweekly periods in a calendatr year).