Cash out refi for LLC in indianapolis

[Khanh Le]

Hello BP,

I am currently purchasing my first single family residential property next week. I would like to reach out to the community for some help/advice on which lenders that will offer a cash out refi for my property. The property is going to be currently owned by my LLC. Most lenders that I have spoke to will only do a cash out refi unless it's owner occupied.

The advice I got from most lenders is to purchase the property under my own name and then quick claim the deed over to the LLC. This is one option; however, I'm trying to find a lender that can do a refi under the LLC.

The property is currently located in Indianapolis. Any help or advice is greatly appreciated. 

Best Regards,

Khanh