Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Can a mortgage loan be assumed by an LLC?
Hello, this is my first post!
I am looking for creative financing on the following deal:
$110K single family home with HCV/Section 8 tenants ($1350 rent, $1000 govt $350 tenant) in good condition:
A personal mortgage loan is 8%
A commercial no-doc loan is 12%
Goal: Own as LLC, but pay the 8% rate...
Is there any lender who will give me a personal mortgage loan and then allow me to transfer title to LLC AND allow LLC to assume the personal mortgage loan at 8%?