Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: Tlan on May 24, 2007, 02:07:55 am

Title: HML and LLC
Post by: Tlan on May 24, 2007, 02:07:55 am
Simple Question, before i call and ask

Do HML lend to LLC's ??

I was thinking of starting up an LLC to hold my properties and due to low credit score ~600 and little down i am thinking one of my options is rehab to raise capital.

Title: Re: HML and LLC
Post by: lassitermortgage on May 24, 2007, 10:56:58 am
You can take title in the LLC but will be required to personally guarantee the loan. Your credit will be a factor in most cases.
Title: Re: HML and LLC
Post by: Tlan on May 24, 2007, 01:45:57 pm
thx got it
Title: Re: HML and LLC
Post by: doston on May 31, 2007, 01:29:57 pm
There are some HMLs who actually prefer/require that you title in a LLC. Just ask before you commit; sometimes you can get what you want, you just have to ask.