I have 2 properties in contract, basically a duplex, but zoned zero lot line single family. Therefore, I have to get 2 mortgages and would like to put both in an LLC.
I have good credit and can get traditional financing. I have not been able to find a bank or mortgage broker than can get these loans with the LLC, even if I personally Liable and the LLC is in my name only. How do I go about finding lenders. These would be small loans, which most banks do not like and the down payment 20% - 25 %. Both properties cash flow.
Where are you at ??
WAMU will do loans for an LLC. 80% LTV max. Hope this helps