The days of double closings over? - Posted by Jeff

Posted by Jeff on February 10, 2002 at 18:40:22:

I was recently informed by an investor friendly loan officer that the days of simultaneous closings are over. He also advised me that financing a rental property through a bank in an LLC’s name vs. ones own name, would demand a higher interest rate on the loan, by as much as 3 points.
If this is the case, this is not very encouraging information for some of us. Can anyone elaborate on this?