Financing a property within an SDIRA/LLC

[Jim Bentley]

I've completed the purchase of my first property, fully paid in cash, through my LLC in my SDIRA, and I have it rented. I now want to purchase another property, but this one I want to finance with about 30% down and a mortgage on the rest. I talked to a banker this morning to get details on how to do it, and she wasn't sure - she said that normally, a purchaser buys the property in his own name, and then transfers it to the LLC. She didn't believe that I could get a loan with their investors directly through the LLC. She fully understands that I can't co-mingle my money with the LLC, but isn't sure how to accomplish it, although she's checking. This is a local bank which has always worked well with me.

How do others with SDIRA/LLC's handle getting a loan for a rental property?