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Updated almost 2 years ago on . Most recent reply

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Chad Deihl
  • Real Estate Agent
  • Sacramento Region
32
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52
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Mortgage Loans for an LLC

Chad Deihl
  • Real Estate Agent
  • Sacramento Region
Posted

What does a lender typically require in terms of issuing a mortgage loan to a newer LLC for its first property purchase?  if it matters, this would be for state of Nevada or Arizona.

Thank you

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Eliott Elias
  • Investor
  • Austin, TX
5,552
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Eliott Elias
  • Investor
  • Austin, TX
Replied

It depends on what kind of loan it is. Commercial financing will want to see tax returns and 2 years of LLC history. Other loans like DSCR & hard money will qualify the property.

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