Refinancing a property held in a LLC

[Brad E.]

Hey guys - I'm looking to refinance a property I have currently held in my LLC. Called a couple lenders and it sounds like I'm going to have to quit claim it back to myself to do the refi using a conventional loan. Then, quit claim it again back to the LLC after the loan is in place.

Are my only options to either quit claim it or go with a commercial loan if I want to keep it in the LLC long term?

Thanks.

[Stephanie P.]

@Brad E.

Just use DSCR lending and leave it in your LLC. The rates and fees are slightly higher than conventional, but rates in the 4's on a 30 year fixed aren't all that bad compared to the hassle of doing a conventional loan.

Plenty of DSCR lenders/brokers here on BP that can help you.

Stephanie