Legal Question in Business Law in Illinois
Can real estate be used to secure a promissory note between an individual (lender) and a LLC (borrower)?
Asked on 6/28/18, 6:56 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Assuming the LLC owns the real estate, sure. Happens all the time. You should consult with a real estate attorney in your area to ensure the lien is secured properly.
Answered on 6/29/18, 5:35 am
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