Can I make a loan to my business and then later refinance it with traditional bank?
So I put an offer on another property today that will be a buy and hold. It will need about $15k in rehab work. I would like to make a loan for the purchase price plus rehab to my business (an llc) from my personal account with the intent of getting it refinanced once all work is complete. Will a bank be ok with this? It just seems like it will be easier than trying to do a cash out refi on a free and clear property. Any thoughts?