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Updated almost 6 years ago on . Most recent reply

User Stats

147
Posts
41
Votes
Stephan K.
  • Rental Property Investor
  • Clearwater, FL
41
Votes |
147
Posts

How do banks see LLC loans

Stephan K.
  • Rental Property Investor
  • Clearwater, FL
Posted

Hi,

I have MANY properties in my own name with mortgages from local banks. 

I have an offer to refinance them (15 years 4.99% fix). I am at about 65% LTV.

Now I am thinking to move them into an LLC at the same time.

In the past, the big banks (BofA, etc.) banks did not give me any mortgages, as I had too many other mortgages. 

Does anybody know how they see that if I have the property in an LLC? Do they see it the same as I have to guarantee the loan?

Thanks,

Stephan

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