Refinancing HML under LLC

[Sam Ojo]

Hello everyone,

Hope all is being safe during this crisis but still collecting checks.

I'm looking to refinance my first BRRR SFR project. When purchased under the HML, using my Llc gave me better rates upfront.

Now that I’m ready to refinance, commercial/ portfolio loans seem to be my only option. Although building a relationship now with a commercial lender is good for future business.

Is the better option, to transfer ownership under personal name to take advantage of Fannie/Freddie options then back under Llc??

Thanks in Advance,

Sam

[Cameron Tope]

Congrats on a successful BRRRR!

Yes, take advantage of your Fannie/Freddie rates before you decide to go commercial. 

You have a 10 loan limit and most investors will never reach that figure. If you do, you can always refinance to commercial.