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Updated over 7 years ago,
LLC Funding in Texas
My business partner and I will be using an LLC to buy and hold rental properties. I do have access to a tradional commercial lender we can use, I would prefer to avoid that because of the ballon note though. Are there other good options for lending on small multifamily properties that would avoid the ballon note? I have seen some of these private lending companies that offer similar terms to a traditional mortgage. Are they a good option? I did try searching for an answer on the forums and could not find an answer.
Thanks!
Daniel