DSCR LLC Borrowing Entity Program
A limited liability company (LLC) is allowed under The Lending Corporation’s DSCR Borrowing Entity Program.
DSCR less than 1.00x allowed on purchase only Program Highlights LLC borrower permitted on DSCR loans2 LLC limited to max of 4 members/owners LLC business purpose and activities limited to ownership and management of real estate
Eligible personal guarantor: U.S. citizens, permanent resident aliens, and non-permanent resident aliens First-time investors allowed up to 75% LTV Required documentation: Articles of organization/certificate of formation Operating agreement (or equivalent) Evidence of signing authority for personal guarantor signing on behalf of LLC Certificate(s) of good standing Credit report for personal guarantor
LLC must be authorized to do business and in good standing in the state of organization and the subject property state Personal guarantor required (must have 25% or more ownership in the LLC)
Let's close your real estate transaction with ease and an on-time close and fund.
Pamela Climo
www.thelendingcorporation.com (949) 683-7337 pclimo@thelendingcorporation.com
Company NMLS#:2621251
This flyer is a promotional advertisement for loans offered through The Lending Corporation. All loans are subject to credit approval, and the terms are subject to change. THE LENDING CORPORATION NMLS 2621251
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