Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on . Most recent reply
Guarantors on Loan to LLC
I am securing lending for an LTR. It is the first property our LLC is purchasing. There are 3 members and ownership is split equally. The plan was for me to be the sole guarantor. The lender wants the guarantor(s) to own at least 51% of the LLC.
Is this the standard?
Is there a good way to make one person 51% owner of the LLC but distribute ownership of actual assets equally?
Thank you.
Most Popular Reply
Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
- 4,420
- Votes |
- 4,576
- Posts
Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
If you are talking about a DSCR loan that is pretty standard, alhtough each lender can differ
Our policy for example is needing 50% aggregate ownership of the LLC to be guarantors AND everyone who owns greater than 25% of the LLC