Refinance Hard Money Loan

[Ashley Abramson]

I am looking to refinance a property I purchased with my LLC with a Hard Money Loan in March 2017. We want to live in the home. (Currently Renting elsewhere) We have renovated the property and it is now worth about $540k- $550k - we purchased for $347k Looking for a loan for about $415k or so. We tried to go FHA with no luck because it has to be in my personal name for 6 months (LLC doesn’t count) We were quoted a high interest rate for conventional. We talked about straight up buying the house from our LLC with an FHA for 3.5 down but our lender told us we can’t do that because of an Identity of Interest rule requiring 15% down. I am feeling like there has to be a way we can keep this property in EITHER our LLC or somehow our personal name, without having to put a ton of money down- since we put 10% down when we initially bought it. Any help, thoughts, or contacts would be GREATLY appreciated. Best, Ashley