Obtaining a Loan as an LLC

[Graham Northrup]

Greetings BP Hive Mind! I hope you are enjoying your New Year's Day. One of my goals for this week is to get prequalified in order to make offers.

However, I will be doing so through my LLC, and most of the loan information out there is for homeowners or personal loans, as opposed to getting a mortgage loan through a business entity. I have gone through the process several times as a homeowner, but never as a business.

Can anyone share any resources with info on: 

• banks that do mortgage loans to LLCs
• the process of getting pre-qualified through an LLC
• rates and terms that I should be looking for as a business borrower

Anyone had any success going this route? Do you try to do local banks, or have you had success with the national banks in this regard?

Thanks in advance and have a great start to your NEW YEAR!

-Graham