refinance an investment property the is under an LLC

Stephanie P.Pro Member
Washington, DC Mortgage Lender/Broker · Member since 2016 · 4k+ posts · 2k+ votes
9y
@Eugenia Grajales
I don't know any conventional lenders that will do a loan in an LLC. It's allowed, but most don't do it as an overlay.
Your best bet is to go with a small balance commercial lender.
Stephanie
1 Reply
John Mathewson
Developer · Hobart, IN · Member since 2014 · 773 posts · 225 votes
9y
Not too many lenders like to lend to an LLC. A lot of people I know will put the property in the LLC after they refinance. Which isn't really the best option either but it does work depending on the lender.
1 Reply
Patricia Vildozo
Brier, WA · Member since 2013 · 29 posts · 4 votes
8y
A commercial lender could give you a portfolio loan . Not the best terms . If you want a convencional to refinance it will have to be under your name then quitclaim it to an LLC
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