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Updated about 4 years ago on . Most recent reply

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Curtis Prince
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Curtis Prince
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Private Lending & Conventional Mortgage Advice

Moving properties to an LLC

Curtis Prince
Posted

I have an LLC and intend to move a couple commercial properties under it. Lender has said that that will result in the loan being called? I have heard others talk about doing this and mention that lender is not likely to call loan but it's new to me and makes me quite nervous.

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Tom S.
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  • from Burlington, VT
  • Member since Feb 4, 2010
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Tom S.
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  • from Burlington, VT
  • Member since Feb 4, 2010
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Tom S.
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  • Burlington, VT
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Tom S.
  • Real Estate Investor
  • Burlington, VT
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@Curtis Prince  Yes, if it's in the loan docs the lender can call it.  You're correct in that many ties it's fine and nothing happens, but keep in mind they have that right.  

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