Company owned investment properties

[Alfred Harris]

Good morning,

I have a question... I'm very new to real estate investing. I'm in the position to buy my company's first investment property. I have talked to a some banks about getting a pre approval. I have great credit and the only mortgage I have is my personal home mortgage. I have a business partner and he of course goes half on most things. With this being our first investment property, I want to purchase the property under the business name. But that's where the problem comes in though. All the banks I talked to did not want to me apply under my company name. Granted I know my personal credit will be looked at as well as my business partner. But i want to put it under my LLC for asset protection purposes.

So I guess the question is, does anyone have any advice on my situation? Is this common with traditional financing? I am looking for the best options for this situation.

Background: $125,000 fully occupied duplex. Both sides bringing in $700 a month.