Entities and guarantees
The borrower side of a DSCR file: why the loan closes in an LLC, how to form the entity correctly and in what order, what the personal guaranty actually covers, who signs on a multi-member deal, how foreign-national files work, and the care a trust or a transfer into an entity needs.
6 LESSONS · 32 MIN · 0/6 DONE
- 4.1
1. LLC and entity vesting
Why every Silt loan closes in an entity, who guarantees it, forming one during underwriting, and what to check before moving a property in.
5 MIN · REFERENCE PAGE
- 4.2
2. Forming the entity
Which state, an EIN, an operating agreement, a dedicated bank account — and the order to do it in before you go under contract.
5 MIN
- 4.3
3. The personal guaranty
What the guaranty covers, what a bad-boy carve-out is, and what 'non-recourse at pattern level' really means in practice.
6 MIN
- 4.4
4. Multi-member LLCs & owners
Who has to sign, how the ownership schedule gets built, and why changing membership right before closing causes delays.
5 MIN
- 4.5
5. Foreign national DSCR
Eligibility, documents and pricing for a non-US-citizen buying US rental property on a DSCR loan.
5 MIN · REFERENCE PAGE
- 4.6
6. Trusts & transfers
Trusts, series LLCs, and moving a property you already own into an entity — including why due-on-sale is a question for an attorney, not the lender.
6 MIN