Refi LLC Owned Property

[Rusty Scott]

I have a single family rental property that I have owned for approx 6 years. I purchased the property with a family member's LOC and it was purchased in my personal name.

Shortly after, I had a partner come in with me, and we quit claim deeded the property to an LLC we established, with both of us being members (me 65%, he 35%). In 2008, we took out a commercial mortgage loan (cash-out) to pay off my family's LOC, at approx 80% LTV. It was on a 5 year balloon, which is due in approx 2.5 months. Current balance is approx 65% LTV.

Now I need to come up with a way to get this refinanced. I would prefer to pull it out of the LLC, into my personal name, and get the financing done in my own name. THe 35% partner is fine with this, as he doesn't really own the equity (off-paper), and we have a good relationship.

Is this going to be a problem getting this done due to any title seasoning requirements? I talked with one broker who said it could be done, but they aren't who I really want to use due to high costs. Or is it better to try to just stick with financing within the LLC. Another note, this is a small balance loan, approx $68k. Thanks!