Mortgage for LLCs

[Greg Martin]

Hi everyone,

So I've seen a few threads on this, but I know the market is always changing, so I just want to make sure I haven't missed anything. We have a property under contract (2/1 SFR & a duplex w/ a 2/1 & a 2/2). These are two separate parcels next to each other.

Since we are taking title in the LLC, we are talking to commercial/business lenders. So far, we've found most willing to do 20 yr amortization w/ 5/5 ARM starting at 4.5% and no cap on the re-pricing after 5 yrs. This did seem relatively standard with most local banks we were actually able to speak with.

Should I keep shopping, or is this pretty standard and unlikely to find anything better?  Thanks in advance.  The BP community is always so helpful!

Greg

www.KRLGroupFL.com