Cash out refi SFR in an LLC

[Sean Julian]

I was just about to close on a refinance loan tomorrow when 2 days ago I received the HUD statement and found out I was paying 10% in loan origination and brokerage fees. Being a rookie I didn't get a statement of fees ahead of time and that's on me.

My property appraised for $82,000 and I wanted to do a cash out refinance but with those fees I can't make the numbers work. That was nearly $10,000 in fees on a $57000 loan and a 6.35% interest rate. I knew going in I would pay more because the property was bought in my LLC, but $10,000 is too much.

Would you all have a suggestion or two on who to reach out to next to try and get the refinance done? I am keeping the property in the LLC so it needs to be a lending institution that will lend to an LLC. The property is in South Bend, Indiana.

Thanks ahead of time.

Respectfully,

Sean