Heck, you should mortgage your home to the hilt, and borrow every single dollar you can at 6-7% and crush it on the arbitrage.

Not only will lenders be effected, but borrower credit, business loans, inventory, and auto credit will suffer when those effected have to relocate, find long term replacement housing and their livelihoods and income are destroyed.

This is a very common issue that it seems a lot of LO's do not understand so they push borrower's to higher priced DSCR loans. or, they are not even licensed to sell anything else.

Whatever the terms will be made on the $1M, will also decrease that cash flow.In a perfect & simple world I would pay 8% every year if I I was able to borrow $1M.

Some lenders allow exceptions for transfers to LLCs owned by the borrower, but it’s worth confirming first.Explore transfer tax exemptions: Chicago doesn’t make this easy, but there may be exemptions or reductions for certain types of ownership transfers.

The ability to borrow the right kind of money at the right time.

Please note than may liability personal or corporate of the original borrower remains after the title transfer.

The borrower gets the benefit of having access to capital fast and the lender gets the benefit of charging a higher interest rate and not having to pay taxes on the profit.

Others may argue that higher rates are bad as it drives up their borrowing costs. 

I reach out to the original borrower and ask them what’s going on.