Refinancing a BRRRR with a Commercial Mortgage

[Samantha Pancoast]

Hi BP Gang,

As I work through the BRRRR calculator, I became curious about the refinance portion. Instead of my partner and I refinancing the property into a mortgage under one of our personal names, we'd like to do it under a commercial mortgage in our LLC's name. This would be our first one doing it this way. Could anyone give us the rundown on what the bank wants to see financially from our LLC, LTV, what they want to see from us personally, and what closing costs might be like?

Thanks in advance for them help!