The BRRR strategy with an LLC?

[Tyler Haskell]

I am desperately seeking a solution to this problem and no internet research has provided an answer that I have found:

Myself and two partners have been acquiring rental properties using 25% down conventional financing under our personal names. Because we have quite a few, we have been skirting the 10 mortgage limit by rotating names to put on each mortgage, essentially allowing us to acquire 30 mortgages.

We are essentially funding each other's personal properties and operating under a general partnership agreement, and mitigating risk by sharing P and Ls evenly between all units. All is going well.....

Except, the general partnership is providing a lot of personal risk exposure, and now that we are switching strategies to the BRRR strategy, managing the rehabs ourselves, and going after larger projects, it has become clear that we need a business entity behind us. Preferably an LLC.

Here's the problem.

No lender I have spoken with thus far will fund to an LLC in a way that the BRRR strategy will work. We need some kind of an equivalent to an 80% cash out refinance after the rehab and a six month seasoning period to repay our hard money loans, then convert to mortgages that do not have crazy high interest rates as we intend to keep these properties and cash flow...

Anyone have any experience and solutions for this? Is portfolio lending an option to an LLC? Will they still do cash out Refis?