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Updated almost 5 years ago,
Personal Guarantee Reduces Ability to Borrow
I am thinking of personally guaranteeing a commercial real estate loan. The loan will be made to an LLC of which I am a member. However, I don't want to make the personal guarantee if it will reduce my ability to borrow money on my own deals in the future. I'm curious if there is a document that is filed with the State that would show all loans for which a person is a guarantor. Thanks!