Rental Property Investor · TX · Member since 2019 · 236 posts · 392 votes
Hi All, Wondering since the fed cut interest rates, what the refi rates are now? I know I'm inspired to refi! Looking for 30yr fixed 55% LTV on free and clear SFH detached rental deeded to my LLC... which is a challenge in Texas. Please pm me for more personal info, or let me know if you have any recommendations?
Rental Property Investor · St. Petersburg, FL · Member since 2017 · 3k+ posts · 4k+ votes
7y
@Keith A. Depending on factors like credit and experience, you'll be looking at 5% - 8% rates. There are plenty of commercial and portfolio lender that will do this for you.
you could switch the property to your personal name, then get the loan, then switch back.
do you think the rates would be better? I would worry about the lender calling the note if they didn't like me doing that.?
they might be slightly better.
If you want to keep the property in an LLC why don't you just get a commercial loan?
I also believe there is no longer a penalty for transferring the deed to personal name with Fannie Mae mortgages.
Commercial lenders don't seem to like mixing a commercial loan with a property zoned residential.
Hey Keith
Did you find your financing yet?
This should be a conventional loan if you're the only one on the LLC. There are numerous threads on BP about the new LLC rules. Someone like @Andrew Postell or @Jerry Padilla should be able to help you.