Refinance Hard Money Loan

[Lee S.]

I've been talking to HML lenders lately and was just reading the comments to podcast #9 on HM and I had a thought come to mind. If a HML will only lend to an entity like an LLC and I want one of my exit options to be a refinance to a rental without doing a commercial loan with a higher rate, how could I pull that off? Refinance loan would need to be in personal name but property would be in an LLC name. Is there a point in the refinance/closing that the property can be quit claimed from LLC to personal? I'm not suggesting there are no HML that will lend in personal name, just posing question to this particular scenario so I know the answer if this route is necessary/most profitable.

Not planning to use much HM if at all, I've got my own funds plus a few private lenders but I want to know the details in case I come across more deals than I have cash for at one time.

[Todd Magin]

@Robert Hale @Upen Patel is a lender here on BP that may be able to help you out.