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Updated almost 2 years ago on . Most recent reply
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Do all Private Lenders require you to be an LLC
I recently spoke with Kiavi about getting a loan and they told me that they only loan to LLC's. Is this the case with all lenders? Any recommendations?
Thanks.
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Quote from @John Roberts:
I recently spoke with Kiavi about getting a loan and they told me that they only loan to LLC's. Is this the case with all lenders? Any recommendations?
Thanks.
Hi John,
No, not all private/commercial lenders require you to close in an entity, though I'm sure most prefer it for business purpose transactions. I know of a few lenders that will allow you to close in your individual name depending on what you're looking for. What type of loan are you trying to get?