Can I refinance an investment property if it is already in an LLC?

[Brendan O'Sullivan]

Hello,

My name is Brendan and I was reading some of your posts regarding LLCs and refinancing. I have a couple questions for you.

What I am doing is raising capital through private investors to pay for a 4 unit or less multi-family investment property. The reason I am raising the funds soley through investors is because I cannot carry the size of the loan on my own. Besides the point...

What I am trying to find out is what the process is, how difficult, and how much would it be to purchase a property for cash using investors money in the name of an LLC then 13 months from now refinance with a bank for a 30 year note.

The reasons I would be doing this is because if I do not receive funds through an LLC I am now opening myself up to a taxable event, which I cannot afford right off the bat. Secondly, I would be refinancing because the private investors note would balloon in 5 years.

What would the current interest rates be in relation to conventional/investment property rates. (I believe since the peroperty will be in an LLC that it is now considered commercial even though it is less than 5 units)?

Also, is it tough to refinance as an LLC?

If you have any insight on this I would appreciate any help thank you.

Brendan