Refinancing an Investment Property in an LLC

[Robert Cooper]

We have three investment properties which are in their own LLC. We are looking to re-finance the loan on one of the homes while leaving it in the LLC (avoiding the simultaneous removal from the LLC and returning it back to the LLC during the escrow process). We are also looking to use a cash out option on the refinance. We are hearing lots of lenders can loan to a Trust and only one so far who can lend to an LLC (the request is for us to move ALL our banking account to them otherwise their loan rate goes from 3.75% up to 5.75%. It seems all lenders are shying away from cash out loan options during these Pandemic times. Anyone have a lender they know will loan to an LLC without any name switches during escrow? This is the primary goal to reduce our interest rate of 5.75% with the secondary goal of getting a cash out option.