Refinancing from an LLC

[Max Kimmel]

Hi,

I closed on my first rental property at a 4% interest rate just before COVID. Obviously, interest rates have decreased significantly since then, and I'm planning on shopping around to see if refinancing to get a lower interest rate would be worth it.

However, I also plan on transferring my loan to an LLC in the near future (Fannie May owns my loan, so I shouldn't have to worry about the Due on Sale clause).

My question is, how will owning the property under the LLC affect my refinancing options? Will some lenders not lend to LLC type entities? Will the fact that my LLC doesn't technically have an income mean it will have trouble getting a loan? What are my best options?