Are their long term loans available for companies (15-30yr)

[Justin Hennig]

Just getting my REI business launched and one of the goals is to acquire Buy/Hold property under our LLC (We want the property deeds under our LLC name for personal asset protection)

We have sources of short term capital lined up for Fix/Flips, but the longest term loan I've found is for 5 years w/ Balloon at the end for Buy/Fix/Hold.

Is it possible to get long term loans for a business, specifically 15-30 year amortization loans, similar to residential real-estate loans that a private person can get, and where would I look?

Our personal mortgage company doesn't do this, and my commercial mortgage company doesn't either.

Should I just keep calling more lending institutions?

Any help would be great...thanks!

Justin

[Ed Wood]

From a lending standpoint you're asking a lender to tie up capital at a fixed rate for a long time that is not backed by Fannie/Freddie that is the problem. Lenders like you are looking for will always do variable rates so they can get market value for their investment.

Think about it, would you loan me $400,000 at 3.75% for the next 30 years? Probably not because you thinking hey wait what if rates go up to 10% and I've got 400k tied up for 30 years at 3.75%.