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Updated over 5 years ago,
How do banks see LLC loans
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