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