ISO mortgage lender for an LLC

[Christian Roberts]

Hey BP family! 

I just got my first rental property right outside of Port Richmond. I close on December 15th. Very excited to begin this journey! However, I really want the mortgage to be under my LLC instead of my personal name. Do you know any lenders that will do this? I have a lender currently. So worst case I use him and get an umbrella policy but I'm much more interested in putting this house in my LLC. Any info would be greatly appreciated! Thanks!

[Steven Goldman]

The real estate based banks and funding companies will fund your properties in an LLC. The question is not LLC or personal the question is how much do you have to put down which dictates where you can find money. If its 5 percent than your options are more limited. Typically it will require 20 percent unless you are using a government insured rehab product. Good luck!