Structuring next LLC AND lender requirements

[Nicholas Lovric]

I have one Limited partnership created which I run my 48 unit under. I'm looking to buy more and everyone I talk to says I need to keep each property in its own LLC for liability purposes. If I do this, The next LLC I create will not have any history prior to purchasing the property.

What are banks/lenders requirements when I create a new LLC for an acquisition? Does this newly created LLC need historic financials? What are best practices for acquiring my second commercial $1M+ property on the topic of LLCs from a lenders standpoint?

Any advice would be greatly appreciated

Cheers,

Nick