Commercial Lenders vs Private Lenders & LLC utilization

[Jonathan Dunn]

Hello, I have 2 LLC's setup to shelter assets and limit liability. Originally, I planned on using traditional fixed APR term financing for my future properties. However, I am finding most lenders offering a fixed APR for terms of 20-30 years do not allow them to be owned as "rental/business properties" under an LLC. It appears that I either lose my asset/liability protection of the LLC and keep them in my name or accept short-term (1-10 year) commercial loan financing at higher interest rates? Has anyone found a way around this and/or can recommend a bank/lending institution that does commercial loans for longer terms (20-30 yr fixed APR). For clarification, my goal is not short term gains through flips. I'm looking to buy, hold, and have long term renters. SFH in B+ neighborhoods, etc. Thanks in advance! Jonathan

[Jonathan Dunn]

Hi @George Despotopoulos . I have found a lender (B2R) that is reputable and will do just that. I absolutely agree with you. There is no need to take unnecessary risk and "hope" a lender does not call my note. I am not in the business of squeaking by and seeing what I can get away with. Solid businesses are built on solid foundations from the get go. I am willing to pay a slightly higher interest rate and work with other parameters such as purchase price, rental income, money down, etc. to get the numbers where I need them to be. I appreciate the honest advice. I was beginning to second guess the BiggerPockets forum value. I've been getting some strange feedback lately. Glad to come across sound advice. Thanks for the input! JD