Single Purpose LLC
While most LLCs have general purposes that allow the LLC to engage in any purpose authorized by law, some LLCs used for special investor financing, including securitized transactions, have a very specific purpose, such as to just own and manage one defined property. Often lender requirements put other restrictions on the LLC, such as limitations […]
While most LLCs have general purposes that allow the LLC to engage in any purpose authorized by law, some LLCs used for special investor financing, including securitized transactions, have a very specific purpose, such as to just own and manage one defined property. Often lender requirements put other restrictions on the LLC, such as limitations on the ability of the member to amend the agreement without the lender’s consent.