In the current environment, my under writing (that most would consider to conservative) depicts large negative cash flow after a maximum LTV refinance.- cash out refi loans have higher rate than if cash out was not occurring.  

This in return has been affecting my ability to secure a recent refinance I attempted with a renowned bank.

Jerrell,That would be a pretty simple process you could use a renovation loan or do a cash out refinance. 

The issue would be if you decide to live in it you will need to refinance out of it which could be problemmatic. 

BRRR - Start with a hard money loan for the initial purchase and rehab, then refinance into a 30Y loan once completed.

I just completed a cash out refinance on the property but now the bank tells me that I am not able to put the property into an LLC.

I’m getting ready to refinance an apartment building, I just completely renovated, out of the construction loan that’s currently on it.

Look for loans with lower prepayment fees if you refinance or sell early.On an 8plex, a local / regional bank or credit union may have favorable terms with rates, term and fees.  

Working with local credit union to refinance at lower than market rates

With our DSCR loan, there’s no seasoning period, so you can refinance as soon as the property's ready!