Investment Rental Properties in LLCs

[James Lim]

So I'm trying to obtain financing for my first investment property, and want to end up holding the rental property in an LLC for asset protection purposes. I understand that conventional lenders will not allow this, and there are other options that typically charge higher interest rates for assuming the risk.

Many lenders have been telling me that it's not possible to close in the LLC, and it requires closing in my own name and then transfer of title and refinancing... all of which I assume would generate more and more origination costs and fees. Am I wrong in thinking this way? Or is this how it's typically done?

Thanks