LLC's and Financing

[Bryan N.]

Rookie question time. So, I have been poking around this site for a while and decided to sign up, because I cannot get my head wrapped around something. I understand how LLC's can benefit/insulate an investor if structered properly. In my area almost every bank/credit union/etc specifically states they will not lend money to an LLC. So, why even bother? It seems the financial system is structered (largely) to defeat this type of setup.

[George Paiva]

Specifically ask if you are a portfolio lender, or if that goes over their head as that you are looking for a mortgage bank that does not resell the note to Fanny/Freddie. Basically a bank that holds their own notes. In the end they will look at the specifics of the property as in if it appraises and then you as what is your debt to income. There maybe other things but this is typically what they look for in lending to LLC/Business.