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Updated about 6 years ago,
Land Trusts when working with HML and Commercial Lenders
The HML and commercial lenders I am using will not lend to properties held in land trust. I must use LLCs. So I perform the BRRR method and now want to involve a land trust for anonymity purposes and other purposes. How can I get this done? Does the Garn St Germain Act apply to LLCs?
I have read strategies to use land trusts to assign personal property mortgages to an LLC for asset protection and liability purposes. I am asking a different question specifically about loans already issued in the name of an LLC.