Can I get a mortgage for investment property under a LLC?

My friend and I wish to setup an LLC. We plan to purchase a few properties each year and have 20% down payment available. However we wish to finance the remaining 80% under the LLC's name with no strings attached to our personal assets.

Any options??

We do not have any credit history yet since company is just being formed.

A lot of real estate loans are nonrecourse. Nonrecourse means they can only go after the property to settle the debt. If they don't get enough from the property to pay off the debt, they can't go after your personal assets. The question you need to ask potential lenders is how much they'll lend you on a nonrecourse basis. That'll vary depending on property type, where in the country you are, and whether or how much experience you have in investing in the particular type of property you are buying. If they are willing to give you a nonrecourse loan for 80%, then that by itself takes care of any risk to other assets (although you may want to consider the LLC route just to limit other forms of liability). If you are asking for more loan dollars than they would give you on a nonrecourse basis, then you are going to have to put up some form of a guarantee, and other than shopping for a more lenient lender, there really isn't going to be a way around that. The guarantee should be limited to the difference between what you are borrowing, and what you could get on a nonrecourse loan.

Yes, you can. Just go to the bank and get a loan in the company's name.

since it;s a new business, your credit will the the mitigating factor in whether you get approved. a 20% down payment should get you financed anywhere though. But if they require collateral from you and your company doesnt have assets yet, i don't see how your personal assets could be spared.

Yes. some banks loan to entities. Some don't.
Other options are hard money lenders or private money. You pay a higher interest payment and points, but if the numbers are good on the deal, its not a bad option.

I doubt that a bank would give a mortgage to a brand new LLC. A new LLC has no credit history in which to get a mortgage. Better to start off as partners. It would probably take a number of years and multiple properties to get big enough for a mortgage co to want to deal with a business as opposed to individuals when regarding real estate. If you walked away from a property as an LLC, the bank couldn't go after you personally. they would probably still require your guarantees as individuals