Legal entities aren't eligible for conforming loans. 

Looking for advice on whether I should take out the equity, or seek another type of loan.

The last financial advisor told me securities based loans are close to a conventional loan's rate.

The refinance itself, will be treated as a loan purely to be paid back by the LLC over time.It is best to speak to a CPA or Lawyer pertaining to this first and foremost to properly discuss the private details that should not be shared online. 

If your loan was in fact an FHA loan when you acquired the property, that may be what you're running into. 

In our market, it's better to pay 30% down to secure a loan.

We leveraged the land and got a bank loan for $1.6 Million.THESE DEALS ARE OUT THERE!

One caveat: doing this created a situation where it was difficult to get loans because one of our LLCs is a "checkbook IRA"- seems the nonrecourse lenders mostly don't like having a non-IRA partner involved.

First one, buy cash $1,000,000.00 and second one with 1M down and 3M loan. 

I just recently purchased my first home for $505000 with an FHA loan.