Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 over 5 years ago on . Most recent reply

User Stats

146
Posts
40
Votes
Stephan K.
  • Rental Property Investor
  • Clearwater, FL
40
Votes |
146
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

Loading replies...