How to own in LLC and do traditional/conforming refi?

[Ryan Johnston]

In the past, you could buy a property with cash in an LLC, rehab it, and then just before cash-out refinancing, transfer it back to your personal name to conform to Fannie/Freddie guidelines and get a traditional loan, as long as the borrower was also a 25%+ owner of the LLC previously on title. After the loan is sold off (usually 30ish days), transfer it back to LLC so the asset is held personally for as short a time as possible. (no "due on sale" lectures plz. Any of us who txfr title to LLCs are aware of the slight but technically possible risk).

We discovered the hard way this program is no longer available, as we're now stuck with two properties that were rehabbed in an LLC, and now that we're at the end of the 6-month required seasoning, we've been told by no fewer than 6 different lenders that we have to move the properties to our personal names, wait ANOTHER 6 MONTHS, and then refi, if we want to go with a Fannie/Freddie loan.

Any brilliant ideas to get around this/move forward without waiting another 6 months with cash tied up and (in the case of one property) a hard money loan racking up major interest?

Also, I don't like the idea of transferring these properties into my own name for six months where I lose the insulation of the LLC. Maybe I can't have my cake and eat it too (i.e., suck it up buttercup and get a commercial/portfolio loan), but I'm going to at least try first!!!

Ready for ideas!