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Updated almost 9 years ago on .

User Stats

36
Posts
8
Votes
Wes Singleton
  • Louisville, KY
8
Votes |
36
Posts

Conventional loans in louisville,ky

Wes Singleton
  • Louisville, KY
Posted

I'm new to investing and want to buy a couple properties this year. However, my current lender, although a "conventional" lender, will not allow me to acquire a property in a llc, even if I personally guarantee the note. My question is are there any lenders who will loan to me and my business partner using our credit, but allow the property to be held in an LLC. I would still personally guarantee the loan on my credit. I don't want to acquire the property in my name and then transfer to an LLC because of the due on sale clause.