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Updated over 2 years ago,
Need Properties in LLC for Commercial/Portfolio Loan?
I am getting to the point where I will have to move from conventional loan products to commercial/portfolio loan products because of strict conventional guidelines and underwriting. My properties are SFR's, duplexes, and triplexes. For those with experience in these loan products, do all my properties need to be under the ownership of an LLC or other business entity to qualify for such loans? Or could the properties remain under my name? I am reaching out to lenders, but wanted to see about others' experiences. Thanks in advance.