LLC owner, can I Refi?

[Jared B.]

I purchased a single-family home in January under my personal name. My partner and I have an LLC set up but have yet to transfer the house to the LLC. We were planning on doing so within the next 30 days, but we are also looking at refinancing six months from our purchase date. Will any lenders refi to an LLC owned property with a personal guarantee from myself? If not, what is the best way to get financing for my property while having the protection of the LLC?

[Ryan Billingsley]

@Jared B. I can tell you from experience, I owned a property free and clear under an LLC and did a conventional cash out refi. I was required to transfer it into my personal name to complete the loan. Once the loan has been sold on the secondary market you can then transfer the property back to your LLC. Don't forget to have your insurance changed accordingly as well. Again I am not a professional but I believe if you go with a lender that offers commercial loans for investment properties you then can leave the property in the LLC.