Hello good day to all, I have read the lenders are starting to offer “property vesting” programs. I believe this entails the lender allowing the Limited Liability Company to be issued a mortgage without the owner of the LLC taking title to the property in his name and then later transferring the property to the LLC. My inquries are the following:
a) which lenders are offering these programs?
b) what are the terms on these type of loans?
i. Does the LLC have to be engaging in business for a set number
of years to be entitled to obtaining these loans or can recently
created LLC’s obtain access to these programs
c) Are there any disadvantages associated with these type of loans?
Thanks for any feedback provided.