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Updated about 1 year ago,

User Stats

9
Posts
4
Votes
Lorenzo Decaria
4
Votes |
9
Posts

Name on the mortgage but deed in LLC

Lorenzo Decaria
Posted

Hi, I'm new to the forum and here's my first question.

I just acquired a rental property and paid cash. I'm looking to refinance it once I deed it in my LLC name. I'm contacting lenders to have a DSCR loan and they see no problem in doing it in the name of an LLC, but they want me to co-sign as a guarantor. The obvious question is, am I still going to be liable (aka piercing the corporate vail) in this case? Is there a difference in being a guarantor or being the borrower?

Thanks!

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