How to properly approach financing properties for LLCs

[James Shen]

Hi BP Community - 

I feel like I have a decent grasp in regards to the mortgage process when it's dealing with a typical mortgage bank / lender, however, much less familiar when it comes to receiving financing when purchasing an investment property through an LLC or another entity structure. Are there any recommended guides on this process and what to expect when dealing with this type of financing? All I basically have gathered is that these loans typically will be higher rates compared to what one can expect when dealing with a typical mortgage bank / lender.

Additionally, with the recent Fannie Mae news and tightening investment property financing, how much do we expect that to impact this space? Will it be as detrimental as people going through typical mortgage banks / lenders and buying investment properties under their names? I would think the lenders to LLCs perhaps may not rely on Fannie Mae as much but I could be terribly wrong here.

Currently looking to purchase multi-families in northern NJ area so hoping to better understand the financing options and practices. Really appreciate any insights and help on the above, and happy to connect and discuss further on this as well!

Best,
James