[WSBARP] Loan Secured by Investment Real Estate-LLC v Trust
Robert West
rwest at westlawoffices.com
Tue Feb 22 10:01:35 PST 2022
Listmates -
Client wants to purchase investment property using a LLC for asset protection. Lender will not loan to LLC, but will loan to client's trust. I am curious how some of you structure such a transaction and avoid a "due on sale" risk, if it is not exempt under Garn St.-Germain, by transferring ownership to the LLC after the loan funds, regardless whether a trust is even used in the purchase transaction.
Robert E. West, Jr.
WEST LAW OFFICES, P.S.
Attorneys at Law
332 1st Street NE
Auburn WA 98002
Telephone: 253-351-9000
Facsimile: 253-833-5322
E-mail: rwest at westlawoffices.com<mailto:rwest at westlawoffices.com>
Website: www.WestLawOffices.com<http://www.westlawoffices.com/>
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