Conventional Lenders for LLC's - With Personal Guarantor

[Steve M.]

Hey Guys ....

Basics:
My Credit Score: 720+
Income: $100k+

My LLC owns 2 properties outright - there is no note on either.

Looking to start financing a few properties, and walked in to BofA today to speak with a Mortgage Consultant. Within 2 minutes, they told me BofA doesn't loan to LLC's even with a personal guarantor.

My question is this ... What "large" banks (ie: Suntrust, 5/3rd, Wells Fargo, etc...) loan to LLC's that have a personal guarantor (me) ????

Currently only have 1 mortgage which is my current residence.

Thanks!

[Joel Owens]

Go Here:

http://www2.fdic.gov/idasp/main.asp

Type in State and set display results to 100 per page.

Over 191 banks in Tennessee and I am sure one might lend to you.You just need to hit the phones.Ask quickly on the phone that you have an LLC etc. and do they offer any programs.

Every bank is different on what they will and won't do.It depends on how healthy they are,the mix of loans on the books,and default levels of each asset class.