Mortgage in personal name for conventional and titled in LLC

[Ron Mussatto]

I am considering the merits of refinancing a 12 unit currently in my LLC name portfolio financed to conventional financing in personal name for a better and longer interest rate. My concern is the loan being in my personal name. Do I lose asset protection doing this and would property now need to be titled in personal name? How do people do this when getting loans in personal name?

[Edward Liu]

You can not finance 12 unit with conventional loan.  Banks will underwrite conventional loans for 1-4 units, 5+ is treated as commercial.  

In addition, for larger multi-plex, not sure if you want to get loan into your person name. Typically we don't mix personal finance with LLC finance (maintain a wall). If wall is not well established, your personal assets could be held liable to liability from LLC