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Updated over 6 years ago on . Most recent reply
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How does an LLC apply for a mortgage?
Hey Guys!
My partners and I (3 total including myself) run an LLC where we have historically purchased properties in full. We are considering purchasing new properties by financing them. How exactly does an LLC source a mortgage? Is it even considered a mortgage at that point or a small business loan? Would it be like applying for any conventional mortgage but all three partners have to submit info for approval?
Thanks!!