Borrower guide
Vesting in an LLC.
Planning to hold title in an LLC? Start with a clear picture of the entity’s ownership, signing authority, and status.
Borrowers can hold title in an LLC. Requirements vary by lender, and we review the entity structure as part of your financing scenario.
Questions to prepare for.
Who owns the LLC?
Be ready to identify each owner and their ownership percentage.
Who can sign?
Tell us who is authorized to sign on behalf of the LLC.
Is the LLC active and in good standing?
Confirm the entity’s current status for the initial review.
Documents to prepare.
Formation documents
Have the LLC’s formation documents ready for review.
Operating agreement
Prepare the operating agreement so we can review the entity structure, ownership, and signing authority.
EIN verification letter
Prepare the LLC’s EIN verification letter.
Completed IRS Form W-9
Have a completed IRS Form W-9 ready for review.
Verification of good standing
Prepare verification of the LLC’s good standing.
We will confirm any additional documents after the initial review. The lender makes the final credit decision.
Have an LLC financing scenario?
Start with the property and entity structure. We will confirm what is needed next.
Review my scenario