Taking Title To SFRs in your Entity's Name With Personal Guarantee - 2011

[Bryan Hancock]

Has anyone been successful taking taking in their entity's name with a personal guarantee lately? If so, who was your lender and what were the EXACT STEPS you took to do it? I am mainly interested in whether or not people have been successful with this lately, but if you were able to do it in the past please share as well.

[J Scott]

This is how I do it with all my loans through a local bank. Title is in the name of one of my LLCs, and my wife and I guarantee the loans personally.

Terms are generally between 1-5 years, with the one-year loans being interest only at 6.75% and the 3-5 year loans being fixed between 7-8%.