Moving existing rental property into an LLC - Mortgage company sayin "no"

[Michael Greco]

I have an existing rental property that I am trying to move into an LLC.

The mortgage company (Washington Trust) is saying "no" and that I would need to refinance.  That means at a much higher interest rate (currently at 3.5%)

The bank said that would finance a single asset LLC. I assume that means that they would not finance a multiple asset LLC.

Does anyone have any recommendations for this process?