Loan approval and syndication

[London Crabil]

My business partner and I have an LLC, 2 target markets, a small amount of personal money, and we have located multiple buildings we are interested in. As excited as we are, the next step seems daunting. We have an EIN for the LLC but have heard many people say the mortgage must be run through our names and credit and personally backed and others say it will be in the LLCs name and EIN. We dont know who is correct. We want it all in the LLCs name and EIN. How do we go about that? We are also seeking a large syndication or P2P loan. Will that affect our ability to be qualified for the mortgage?

Thanks

[Lee Ripma]

@London Crabil It's going to depend upon your lender, the value of the loan, and your track record. There isn't a simple yes or no answer to this it's more of it depends situation.