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Updated about 12 years ago on . Most recent reply
How to finance company owned real estate?
I decided to invest in real estate and formed a company to do so. We have bought a few SFR with cash and rehabbed them and placed tenants in them. The properties are paid off and generating stable income. I wanted to take advantage of the low interest rate and started talking to a few banks about refinancing those properties. However I was surprised that it seems easy to refinance a property registered under an individual's name but none of the banks I talked to wanted to refinance a paid off income generating property registered under a LLC.
Any pointers from anybody who had refinanced properties under their company name? Did you go through a bank for these or hard money lender?
Thanks.