Refinancing a PA property under an LLC

[Maricruz Romero]

Hi BP!

I am in the process of buying my first property in Delaware County PA through the BRRR strategy. I would like to buy it under an LLC which I know is fine but I contacted Citi Bank to ask about a refinance portion and they mentioned they wouldn't refinance if the property is under an LLC. Does this mean I have to refinance with an unconventional lender and do they offer higher interest rates than Citi bank would? Where can I find lenders that would lend for a property owned in an LLC?

Another option would be to buy under my name and then transfer it to an LLC but that would mean incurring double transfer taxes and fees (at the time of the original purchase and then when transferring to an LLC) in order to refinance with a conventional bank like Citi, is this expense worth it?

Additionally, I do have a good credit score (750+) but if I borrow using the LLC would an unconventional look at my personal credit score when determining the interest?

Thanks in advance for looking into my questions!