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Updated almost 7 years ago on . Most recent reply

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6
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3
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Andrew Hove
  • Durham , NC
3
Votes |
6
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New guy question - lender

Andrew Hove
  • Durham , NC
Posted

I've done a traditional loan to my personal name and I've done a straight commercial/business loan (5year) to an LLC for a multi family but I've never pursued a fixed rate longer term note to an LLC.

I have a single family house under contract and would ideally like to find a fixed rate loan to and LLC (three partners, all with high credit). This might sound like a dumb/ newbie question but is this possible? I find info on the web a bit murky about this. I asked in the local forums because maybe someone has a personal referral. I posted a few months ago about a problem I had on another property and the NC forum was very helpful.

This property is in Durham if that is pertinent at all. 

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