Lending to an LLC or to individual

[Jon S.]

My local credit union bank officer informed me that they cannot lend to an LLC, unless I go through commercial lending, which will have higher rates, and may be tougher to get approved because I do not have 2 years of business income tax returns. Therefore, they suggested I leave my rental in my name, get the refinance done, and then transfer the property into the LLC. Only I don't think that is possible, once the loan is in my personal name, the lender will be first on the lien, and I don't think ownership can change to an LLC without the lender being paid off in full. How does this work, can it work? Thanks