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Updated over 8 years ago,

Torey Owens's profile image
Torey Owens's profile image
Torey Owens
  • Investor
  • from Houston, Texas
  • Member since Oct 16, 2015
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Torey Owens's profile image
Torey Owens's profile image
Torey Owens
  • Investor
  • from Houston, Texas
  • Member since Oct 16, 2015
Connect
Torey Owens
  • Investor
  • Houston, TX
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Creative Real Estate Financing

Refinancing from Hard money to traditional long term

Torey Owens
  • Investor
  • Houston, TX
Posted

BP!

I just purchased a duplex in my LLC for $52k and it appraises for $84k my current interest rate is 8%. A couple of lenders I've connected to are saying the only way I can get refinancing is to remove the property from the LLC then put it back in the LLC after it's been refinanced. Is this standard or do I need to keep looking for other lenders?

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