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Updated about 3 years ago,

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5
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2
Votes
Ashley H.
2
Votes |
5
Posts

Nonconventional lending with a parent LLC

Ashley H.
Posted

So I'm looking to buy a property and have recently hit a snag. I was hoping to avoid a conventional loan in order to take title directly into an LLC, rather than my own name and having to deed it later. The nonconventional lenders also tend to close faster from what I understand. The problem I'm having is the lender I'm working with is unwilling to lend to an LLC that is owned by another LLC (i.e. a Wyoming holding company). Is this common for nonconventional lenders? It's not like I'm the first person to have the holding company structure. Am I better off just maxing out my conventional slots before I go the alternate route?

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