LLC loan questions for first time investors

[Robert Ortiz]

Good morning all and I hope this thread finds you all well. To start off, my business partner and I are new to investment properties and I have a few questions about loans. We have started a separate LLC for this new endeavor and would like to invest in commercial and residential properties at a million dollars at time per the guidance of our Attourney. Our bank is saying that because we are buying these properties through the LLC and buying both commercial/residential properties that our loan will be "commercial" based. Because we have established good business practice with our bank, the financing is not an issue but he stated this would be an ARM to keep the rates low for a longer term of 20 years.

Is this what you all have seen? Are there other options that maybe my banker is unaware of that would be more beneficial for me? I am not sure that I like the idea of an ARM.

What are y’all thoughts? I appreciate your time and responses.

Bobby