There's an 22 catch here that I can not solve. Everyone talks about model: buy-finance ...
There's an 22 catch here that I can not solve.
Everyone is talking about a model: buy-finance and re-buy.
Also, register apartments for rent under Company Limited.
Well, I can not get refinancing, to a condo unit that is listed under a company, claiming that they are not financing the apartment that is registered under a company, Teitel.
Help me group good people, promised promises, but, always at the stage of approval of the loan, the answer I got from the bank underwriter is that they do not give a loan to an apartment listed under a company.
If it is impossible to finance a new apartment listed under a company, then, how this model at all possible?
tips?
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
- Option A - Transfer the property to your name and issue a refund
Option in commercial loan
However, I would advise you to consult with broker mortgage for what is best for you - I was told by the bank that the house and the loan should be in my name and after the clearing I am invited to transfer the property to the LLC. I assume this is Single Member LLC
- As you say, you transfer the property all your name and do refinancing. Banks will not make a refinancing of a mortgage on a property that is not in your name.
Responses