Lending to LLC

[Matt Good]

I'm not entirely sure if this falls under Creative Real Estate Financing but does anybody know of anywhere that will loan to a business entity such as an LLC with little to no history? Most banks want at least two years. I'm only curious as I've heard stories but not entirely sure if they're bogus or not.

[Linda Weygant]

My two brand new LLCs were able to get mortgages, but I had to put 25% down and personally guarantee the mortgages. The broker said that after 2 years, I would likely be able to refi the loans to pull my personal guarantee off if the LLC is showing a good track record and is appropriately capitalized.