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 almost 5 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Brandon Beckham
  • Contractor
  • Belmont, NC
0
Votes |
2
Posts

Holding Title in LLC

Brandon Beckham
  • Contractor
  • Belmont, NC
Posted

Does anyone know of a good bank that will refinance properties into an LLC in NC? I reached out to several banks in the area. I found a hard money lender that was offering 5.75% on a 30 fixed but all funds are currently frozen right now. The local/national banks would hold it as a commercial loan with 20 year amortization on a 5 year balloon. I want to avoid the 5 year balloon repayment/refinance option. I have thought about just transferring my current title from my conventional financing into my LLC but I have heard that they could call the loan due if I do this. Our goal is to get our 5 properties switched from our names into our LLC.

Thank you,

Brandon

Loading replies...