Yes — you can close a DSCR loan in an LLC.

At North Star Mortgage Network Inc., we allow DSCR loans to close in an LLC for all property types and occupancies, including owner-occupied homes, as long as basic program requirements are met.

Many lenders limit LLC ownership to non-owner-occupied investment properties only. We take a more flexible, common-sense approach.

Why close a DSCR loan in an LLC?
Closing in an LLC can provide:

• Asset protection
• Easier partnership or investor structuring
• Potential tax advantages (consult your CPA)
• Cleaner property management and recordkeeping

Who qualifies?

• Investors and owner-occupants
• Single-member or multi-member LLCs
• Properties that meet DSCR and lender guidelines

What’s required?
You’ll need standard LLC documentation, such as:

• Articles of Organization
• Operating Agreement
• Certificate of Good Standing
• Personal guaranty from the borrower(s)

For a full breakdown of documentation and guidelines, see:
https://www.nsmn.com/closing-a-dscr-loan-in-an-llc-what-you-need-to-know/

If you have a borrower considering an LLC structure for a DSCR loan, we’re happy to walk through the details and confirm eligibility upfront.