I am currently doing a fix and flip loan with Backflip. 

Would taking a commercial loan on the new home with an LLC be  an issue?

It’s so serious that, beginning January 1st in California, any lender who knowingly originates a consumer-purpose loan misrepresented as a business-purpose loan can face criminal charges and jail time.

At this loan balance, good news is you do have options with DSCR loans. 

I needed $35,000 for a new heating system so the bank gave me $28,000 (80%) in a business loan for 60 months which has no prepayment penalty.

SpeedBanks: Can take weeks or even months to close a loan due to really extensive underwriting processes.Private Money Lenders: Close loans usually in days to weeks, which will make it best for time-sensitive deals like purchasing a property or rehabs.3.

Neither for that matter will a DSCR loan when/if you go to get a full primary home loan for example for the same reasons.

The deed, loan docs, registration all included my name, husbands name, and LLC. 

Yep - your lender will be using an undisclosed debt notification service until after the loan closes.

*In my world, a "Pre-foreclosure" is a property or loan where the first legal has not been filed.