Any Refi advice or experience out there?

[David Mathews]

Hello. Seeking a little help with questions on  refinancing a rehab.  I am currently  looking to refinance  a brrrr property that I own outright and recently finished remodeling. This is my third property and second one to refi.  So here's the question...

Are there any lending institutions that offer a normal fixed-rate 15-year mortgage for an LLC? Currently my first brrrr property is financed with a 20 year amortization but has a balloon payment after 5 years. I would rather lock in a rate and end up paying it off rather than keep refinancing after 5 years. The problem is I've called around to a few banks in my area and they all seem to do the same practice for rental property. Can someone steer me in the right direction to get something more stable and long-term?

[Frankie Woods]

I agree with @Andrew Postell, I would refinance in my own name and then change the title (generally $200-300) into the LLC. Is there a major reason you need it in an LLC this early in the game? LLCs don't really offer the protection people think because it is generally very easy to "pierce the veil" and negate its protections. I think using insurance and HELOCs is a better strategy, but just my $.02.