New Home Equity Loan after Quit Claim to LLC

[Todd M.]

Hey everybody,

I've held an investment property (4-plex) for years and have built up some equity.  I'd like to access this equity through a Home Equity Loan (HEL) and use it to make downpayment on another investment property purchase (12 unit bldg).

I bought this 4-plex in my personal name with a conventional mortgage . After closing, I quit claimed it to an LLC.

Does this sound familiar?  Pretty common strategy as I understand.

Does anyone know if I'll have to quit claim it back to my personal name in order to obtain a HEL?   Or, can I avoid the quit claim back?   

Also, if anyone has recommendations for HEL providers, I'm just starting my search.

Thanks in advance,

Todd