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Updated over 4 years ago, 07/31/2020

User Stats

17
Posts
3
Votes
Angel Meraz
3
Votes |
17
Posts

Refinancing - Individually owned to LLC

Angel Meraz
Posted

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.

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