Cash Out LLC owned property

[John Mclain]

Hello Everyone,

I have a question I was hoping someone could help me out. I own a property with several other investors. The property is 100 percent paid for and in an LLC. We would like to take mortgage out against the property to make other investments but none of us want to guarantee the morrgage personally.

I am thinking that given the equity that we have in the property getting the mortgage in the name of the LLC should not be a problem. But I am not positive. Any opinions will be appreciated. Assuming the mortgage will not be a problem any guess at the LTV? I am thinking 70%

Thanks in advance.

John