Mortgage advice for an investment property owned by an LLC

[Marsha Rost]

My first investment property was under my name and so was the mortgage. Everything was easy.

I put my second property under my LLC, with three other partners. We are almost done with renovations and now we are looking for refinancing options but I haven't had much luck.

Where should I be looking? What kind of loan do I need to search for? What kind of lenders do I need to contact?

I would appreciate any information that could help me find a good rate.

Thank you all in advance.

[Terri Wyzkoski]

Marsha,

If your first investment property was under your name, did you get a conventional 30-year fixed rate mortgage? Or did you get a 5-year fixed rate with a 25-year amortization?  This will help me answer your question.