Transfer the title to LLC

[Sachin Maskey]

Hi All,

I am planning to close the investment property which is 3 family and planning to transfer the Title to LLC after closing for asset protection and tax advantages. I was just told by lender ( bank) i am not able to do it unless i buy the property with cash. I wasn't sure if this is normal for residential property or do i need to find another lender for financing ??