New guy question - lender
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.