DHM and LLC's

[Erin Elam]

I hope that I am posting this to the right forum. Hello BP I hope everyone is doing well.

I recently signed up for DHS. At that time asked about being able to do business in the name of my LLC and was told yes. I ask because some other lenders that I had questioned advised me that they would only lend in individual names. Has anyone with an LLC use DHM? I am now aware that they require contract to be assignable and that they put the property in the name of their LLC, an SPE.

I am having trouble understanding how my business is still relevant when obtaining lending through DHM. Their spe LLC is going on the title, it's going on the mortgage, it's going on the deed. I would like to hear from anyone who owns an LLC and was able to obtain lending with DHM and still be able to use the business for what it was created to be: an entity in which to invest in real estate.

How does my company show it engaged in expenses? If my company name is not on any documents, i.e. contract, mortgage... etc. When they send me proof of funds letters, my business name is on there. I have tried to ask customer service and I keep getting copy and paste answers vs someone just explaining the steps on how my LLC will show that it is conducting business.

I am aware that hard money is expensive, but it should still be able to do its job, which is to help my company and I make profits.

Any and all help would be greatly appreciated as I paid quite a bit of money and I hope that it doesn't end up that I fell for a scam.

Thank you, 

Erin