Refinancing a property owned by LLC

[Ginny Shaw]

We bought a dilapidated quadplex May 2017, and formed an LLC which owns it free and clear. Over the past year we have rehabbed it from top to bottom using almost only the rental income so officially it hasn't made any money but it's probably worth $100k more than we paid for it. We have come into some money and would like to take the opportunity to use it as a down payment on building another quadplex on the same lot... we have plenty of space for that. However, we will need a mortgage... we'd planned on refinancing building one to build building 2 ... but just realized that it's owned by the LLC so the mortgage would need to be the LLC... no one is going to lend that kinda money to a year old business that on paper hasn't made a penny... is there a way round this???