Specialty Program
Loans Closing in an LLC
Business-purpose financing structures that may allow qualifying real estate investors to close through an LLC or other eligible borrowing entity.
Many real estate investors hold property through an LLC or a similar entity. Business-purpose financing programs may allow a transaction to close in the name of an eligible borrowing entity rather than an individual.
WJR Equity Lending does not provide legal or tax advice regarding entity structures. Investors should consult their own attorney and tax professional about how to hold a property.
What This Covers
Entity details
How the entity is formed, who the members are and how it is documented.
Business-purpose transactions
Entity closings are generally associated with business-purpose, investment-property financing.
Documentation
Entity paperwork is typically part of the file, and requirements vary by program.
What WJR Will Want to Understand
These details generally help frame the conversation. They are not guaranteed underwriting requirements, and requirements vary by program and transaction.
- Name and state of the borrowing entity
- Property location and property type
- Purchase price or current value
- Requested financing amount
- Who is involved in the entity
- Business plan and exit strategy
Tell WJR About the Scenario
Share the property, the borrower and the financing need, and the scenario can be reviewed.
Other Specialty Programs
Working on a deal?
WJR Equity Lending can review your financing scenario and discuss what options may be available for the property, project and exit strategy.