Frequently Asked Questions

Can I close my loan in the name of an LLC?

Real Estate loans in the USA are made to individuals, not entities such as corporations and LLC’s, and are secured by the subject real estate. The real estate acts as the collateral for the loan, and therefor the  Lender has recourse to sell the property (through the foreclosure process) to force the repayment of the principal balance, plus costs, of the loan. This recourse ability by the lender significantly reduces the risk of making real estate loans and hence the reduced rate of interest that can be offered in the marketplace.

Loans may not close in the name of an LLC, but may be deeded to an LLC post closing through the services of legal counsel.