Refinancing - Individually owned to LLC

[Angel Meraz]

I purchased a fourplex under my name as I hadn't set up an LLC. now that I'm trying to cash-out refinance it, I'd like to do it under the LLC but seems like at this time, few banks are underwriting these type of properties and the commercial loans are more unfavorable (rates, amortization, etc) than residential. Someone mentioned to me it could be refinanced under my name and then vest the property under the LLC. does anyone know about this or how to refinance under my name but shift the liability to the LLC? thanks.

[Jessica Zolotorofe]

It's not a good idea. Some courts have even rules it fraud. You will almost certainly have a due on sale clause in your loan documents so you can't transfer without the loan being due. If it was that easy, no one would ever get a commercial loan :)