Buying condos under LLC as a business vs personal loan?

[Catherine Javier]

Hello there! Newbie here. We are in the process of closing 2 rental condo units under an LLC. This is going to be our first time. In the offer contract letter for the second unit, our real estate agent changed from LLC's name to our own name. Apparently, our real estate agent spoke with our lender and told him that if we put it under the LLC, it is going to be a business loan. Will the business loan give higher interest rate? What are your thoughts. Thank you.