Dissolving Membership Interest in LLC with Mortgage Liability

[Jerome Nunez]

BP, 

I own a 33.33% membership interest in an LLC that holds a two-family property, alongside two partners with equal stakes. Due to strategic differences, I plan to dissolve my interest within the next 3-6 months. However, my name is on the mortgage.

Are there ways to dissolve my interest and remove my name from the mortgage without selling the property? I’m considering taking owner’s draws to recoup my initial equity in the short term but am unsure about the tax implications. I’ll be consulting a CPA, but would appreciate any insights from the BP community!