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Updated over 1 year ago,

User Stats

3
Posts
4
Votes
Andre Delacroix
4
Votes |
3
Posts

Can a mortgage loan be assumed by an LLC?

Andre Delacroix
Posted

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%?

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