Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

20
Posts
3
Votes
Ed Goble
3
Votes |
20
Posts

Looking for Suggestions for Commercial Lenders

Ed Goble
Posted

Hi. I have really good credit (personally, an 800+ credit score) and my record for paying my bills is stellar. The only potential issue is that I am a newbie and am looking to buy the first property. I am hoping for suggestions on commercial mortgage providers that would do a 30 year fixed, and that would have the mortgage in the name of my LLC, and not in my name. If not a 30 year fixed, then as favorable terms as possible. My main concern is to find something that won't force me to put the property in my name when I want to have it under the umbrella of an LLC.

The down payment is not a problem because I will be using my HELOC on my residence for it.


Private money is a good option if the terms are sane and decent.  I realize that my lack of experience may be an issue in either case (a bank or private money for the source of the mortgage), but I do have mentors and lawyers to make sure I do this right, and I also will be using a property management company with a lot of experience.  So I am very certain that this will work with the right arrangement.

Please private-message me if you have suggestions.

Thanks

Loading replies...