Lending: Purchase as a Multi-Member LLC vs. Personal

[Grant D.]

Hello!

We are seeking information and guidance to determine if we should purchase a property as an individual and transfer to a LLC or acquire a business loan and have the mortgage in the company's name outright. Interest rates as an individual are nearly 2% lower and seem more streamlined to close. What are the tax implications and sharing the burden across the LLC members? How are most folks operating as a multi-member LLC and dealing with tax implications?

Thanks,

Grant