LLC to borrow from a HML?

[Anthony Salamone]

Hello fellow REI's!

Why do Hard Money lenders require an LLC?

I understand it protects them from other issues with the borrower like personal liabilities and other properties being tied together if one should fail.

Is there anything else to consider? I've read some material stating the lender will assume some ownership of the LLC as part of the transaction?

Does closing in an LLC make it somewhat easier for the lender to foreclose or revoke the property in the case one does not fulfill the terms per the contract?