private lending mortgage w/ my name or LLC impact conventional?

[Sheen Jowl]

Hi Bigger pockets community,

I got a question regarding to the limit of "10 financed properties" for conventional mortgage. I wonder is private lending mortgage counted within the 10 properties? My understanding is it's counted if it's under my name, but not counted if it's under a LLC. Anyone has the experience to confirm my thinking?

Thank you very much