HML / LLC

[Account Closed]

Hello all,

Just began shopping around for hard money loans, and the first one I communicated with requires that you form an LLC in order to receive the loan. Is this common for most hard money lenders? Is there a reason for it?

I know a lot of people flip houses under their name, especially for their first or second projects, so being that this is my first potential project should I shop for another, or just bite the bullet and form my LLC?