If you have a borrower looking to close in an LLC, you’re in the right place. At North Star Mortgage Network, we understand that more and more real estate investors prefer to purchase properties under a Limited Liability Company structure. Whether it’s for liability protection, estate planning, or tax strategy, closing in an LLC can be a smart move—but it requires the right lending partner and a program that supports it.

We offer Non-QM mortgage solutions designed specifically to accommodate LLC ownership. These loans are built with real-world flexibility and straightforward documentation guidelines, helping your borrowers close efficiently and with confidence.

Why Choose North Star Mortgage for Closing in an LLC?

We don’t just allow LLCs—we make it easy to work with them. Our Non-QM programs are crafted to help investors and borrowers navigate the process while staying compliant with state and lender guidelines. Here are a few of the highlights:

LLCs Accepted Across All Lending Areas and Occupancy Types

Whether it’s a primary residence, second home, or investment property, our Non-QM guidelines permit LLC ownership. This applies to purchases, rate and term refinances, and cash-out transactions.

LLC Formation and Eligibility Requirements

• The LLC must be legal in the state in which it’s formed.
• Typically, the LLC should be formed in the same state as the property location. If formed in a different state, it must be registered to do business in the property’s state.
• A maximum of four members are permitted, and all must be natural persons.
• Members must be beneficial owners of the property.

At least one member must qualify for and guarantee the loan. Additionally, the qualifying members must collectively own more than 50% of the LLC. All other members—whether borrowing or not—must sign the mortgage and note in their capacity as LLC members.

Required Documentation When Closing in an LLC

To ensure your transaction goes smoothly, here’s what’s needed for underwriting and compliance:

• Articles of Organization
• Operating Agreement that outlines the authority to borrow
• Unanimous Consent & Resolution to Borrow (includes lender name, loan amount, and property address)
• SS-4 Form or equivalent showing the federal tax ID
• Certificate of Good Standing from the Secretary of State, dated within 60 days of the note date

Why Investors Choose to Close in an LLC

Here’s why more real estate investors are leaning toward LLC ownership:

• Liability Protection – Limits exposure to personal assets
• Tax Efficiency – Pass-through taxation and potential for deductions
• Estate Planning – Simplifies transfer of ownership among family or partners
• Professionalism – Structures investment activity under a formal business entity

Work With a Mortgage Broker Who Understands LLC Closings

At North Star Mortgage Network, we’ve been helping Florida investors for over 25 years. We offer personalized Non-QM solutions for buyers who want to close in an LLC, with lower rates than the big banks and direct, honest guidance every step of the way.

Your best interest is my principal concern. Let’s close your next investment deal with clarity, compliance, and confidence.