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Updated over 1 year ago,
Need advice on having title on LLC but mortage on individual name.
I am buying a new construction for investment purpose and would like to have the title on my LLC. However, I would be taking an investment property mortgage(Not a commercial mortgage on LLC) with 25% down.
Lender is saying that they are selling the loan within 30 days and I need to transfer the deed if new lender agrees. I find it too expensive to do that after closing.
Does any lender accept this considering I am paying 25% down and it is an investment property mortgage already? Can I negotiate with my lender to have the title on the LLC while closing itself?