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Updated about 1 year ago,
Loan options moving forward
My brother in law and I have four properties together. The mortgages are in either his or my name and we quit claim deeded the properties into our LLC. We are reaching our LTI max soon. Question 1) Is there a way, when rates come down a bit, to refinance the mortgages into the LLC or do we have to sell them to the LLC. 2) Can the LLC qualify for commercial financing since the LLC holds the deeds and the equity on those properties?
thanks