Impacts of moving the property from Owner to LLC

[Jalpan Jangiani]

Hello,

My partner and I currently own an investment property in San Antonio, Texas. Both of us are on the title and mortgage right now.

But we are planning to form an LLC and move our property under it.

Has anyone from BP community done this?

My lender says it has the risk of initiating the Acceleration Clause.

My partner suggests to just go forward with the change by working with a good title company and see what happens.

Another safe option is to form an LLC, get a commercial loan, pay the current mortgage and transfer the title to LLC.

What are your thoughts on this? Please provide guidance from your experience.