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Updated over 4 years ago on . Most recent reply

Ben Shaikh's profile image
Ben Shaikh's profile image
Ben Shaikh
  • Rental Property Investor
  • from Rochester, NY
  • Member since Feb 10, 2017
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Ben Shaikh's profile image
Ben Shaikh's profile image
Ben Shaikh
  • Rental Property Investor
  • from Rochester, NY
  • Member since Feb 10, 2017
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Ben Shaikh
  • Rental Property Investor
  • Rochester, NY
3
Votes |
15
Posts
Upstate New York Real Estate Forum

Mortgage Lenders for an LLC

Ben Shaikh
  • Rental Property Investor
  • Rochester, NY
Posted

Can anyone recommend a good lender that gives mortgages for an LLC? I can put down the 20% downpayment for a 200K townhouse.

I assume mortgage rates for LLC/investment property are higher than those for an owner-occupied home. Does anyone have a rule of thumb of how high it tends to be?

Thank you.

Ben

Upstate New York, New York
1 Vote
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Bill O'Donnell's profile image
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Bill O'Donnell
  • Rental Property Investor
  • from Newburgh, NY
  • Member since Feb 7, 2018
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Bill O'Donnell
  • Rental Property Investor
  • from Newburgh, NY
  • Member since Feb 7, 2018
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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
117
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160
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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
Replied

@Ben Shaikh

I use Teg federal credit union for commercial loans.

My rates have been in the 4% range.

I leave in 25%.

15 year term.

I can amortize out to 25.

2 Votes
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