Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Noel Lopez
2
Votes |
4
Posts

Cash out refinance under an llc

Noel Lopez
Posted

Hello everyone I have a few properties owned outright under my llc. I would like to do a cash out refinance on one of the properties under my llc. Will I have a difficult time to get financing long term with a favorable rate? I’m located in New Jersey anyone’s feedback would be greatly appreciated.

Most Popular Reply

User Stats

585
Posts
370
Votes
Rod Hanks
  • Insurance Agent
  • Dallas, TX
370
Votes |
585
Posts
Rod Hanks
  • Insurance Agent
  • Dallas, TX
Replied

If you do it under your LLC it would be a commercial mortgage. If you want the best rates you have to put it under your name and deed it back over after closing. Make sure to speak with your bank if you go that route though.

  • Rod Hanks
business profile image
Rod Hanks Insurance
4.9 stars
88 Reviews

Loading replies...