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Updated almost 4 years ago on . Most recent reply
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Sell property to multi-member LLC to restore VA entitlement
I know I cannot restore the VA entitlement through refi, unless I elect the one-time entitlement restoration. My understanding is that I have to sell the property and pay off the loan to restore entitlement.
I'm wondering if I can sell the property to a multi-member LLC (I'm a member) to have the entitlement restored? If I personally guarantee the commercial loan for the LLC, will the VA view this as a refi and not restore the entitlement?
I can’t seem to find the answer to these question, so I’d love to hear if someone has done this.