Refinancing a Hard Money loan into a long term mortgage. Problem

[Laurent Feral]

Hi y'all!

I have a roadblock with refinancing .

I want to sell a Fix & Flip house with owner finance, in Dallas Fort Worth , TX. 

The house is in my LLC, and currently being rehabbed. Funding for the rehab comes 70 % from a hard money loan (at 12% interest rate) and 30% from my own equity.

To be able to sell the house with Owner finance, I need to refinance the hard money loan (6 months maximum) with a long term mortgage, at a decent  rate.

All mortgage lenders that I talk to will lend only to a person, not to a LLC. And with various refinancing ratios, ( max of 75% of Appraised value, minimum holding of 6 months prior to refinancing , etc..) Which means that I have to buy the house from the LLC, get a mortgage and then resell the house with Owner Finance. Which is expensive (transaction costs) , tax inefficient and does not change the collateral, (still the house).

How can this be done ? any idea?

Thanks