Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

23
Posts
4
Votes
Kevin Hassold
  • Houston, TX
4
Votes |
23
Posts

Refinancing through an LLC

Kevin Hassold
  • Houston, TX
Posted

So I am currently working towards buying my first BRRR property and have recently found a private money lender willing to set me up a line of credit to purchase and rehab a property. The only catch is that they will only lend to an entity, i.e. LLC. It has come to my attention that banks will not refinance a property through an LLC, which I was not aware of. If I were to form an LLC with two other partners, we buy the property and rehab it through the line of credit, is there a way around this to where we would be able to refinance the property through the LLC or would we have to transfer the ownership to one of our names, refinance, and then transfer the property back to the LLC?

Loading replies...