LLC Refi????? Explain It to me as if I were a 5 year old

[Brian Higa]

Ive been trying to get unstuck and researched the BP Site

Family members purchased some investment RE with cash

We now want to put a loan on the properties but havent found any real long term (fixed rate 15 to 30 years) options being held in our LLC

Can the LLC give me a loan personally that I can then refi with a bank? Or how do I get the money out of our 100% cash purchased property?

Also, we have a total of 6 doors. Two Duplexes, Two SF homes. If all held in the LLC can this qualify for commercial financing?

Thanks for any help getting me unstuck

[Soh Tanaka]

I'm not necessarily recommending, but what some people do is to transfer the title from LLC to yourself, refinance, then transfer the title back from yourself to the LLC. After you do that, technically the bank can come at you and ask you to pay off the mortgage, as you transferred the title, but I never heard or read of that happening.