Personal Property Forbearance & still getting Business Financing.

[Nick D.]

Had a question. If someone has personal property into the Forbearance Program. If you set up separate LLC's to still buy rental properties , would you still be able top obtain non recourse business loans on a rental/MF since business credit is separate than personal credit? I would assume and hope not, but you never know with lending loopholes. I spoke with a seller this weekend who has their their personal property in forbearance, but said he was working on buying a small business and I was scratching my head as to how that could be possible.

Thoughts