Purchase as LLC with LLC as Mortgagee
I was surprised to learn - and frustrated, as it should have been evident weeks earlier but was not mentioned to me - that Quicken Loans wouldn't proceed with a purchase loan because title will be held by an LLC.
Is this customary? Applicable only to SFR or 1-4 unit maybe? I know it's not unusual for LLCs to hold title to RE, so what am I missing? Insurance has also been tricker to get. It's my 6th overall purchase but first time buying as an LLC.