Can I use an LLC with no revenue to obtain a mortgage?

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Potentially if it’s unconditionally guaranteed by the principals of the LLC

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Yes, OP. I’d hope that the LLC that will obtain the mortgage does nothing but own that property. Maybe manage it, but there should, in my view, be a separate entity that does property management. Depending on the size of the deal, you may need a personal guarantee, but that is a negotiation up to you and your lender. To me, the LLC should have no revenue as you’ve established it only to own this specific piece of property.

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My view is to go with local banks that specialize in commercial real estate lending. Depending on the size of your acquisition, I still always steer clear of large banks. My advice is to go local.

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