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Updated over 3 years ago on . Most recent reply

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2
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Kevin Melanson
1
Votes |
2
Posts

How to get commercial mortgage via new company

Kevin Melanson
Posted

I plan to buy a single family home in Austin and, per the city's STR rules, it has to be either an owner-occupied or commercial residence. If the current plan is to open an LLC to apply for a commercial mortgage loan, how is this possible with a newly created company?*
*the belief is that I will have to co-sign (which keeps me personally liable; maybe able to refi after 1 year of that?)

Will you please help with your thoughts on this topic?

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