Refinancing inside an LLC

Mortgage Brokers & Lenders
6yFollow

Refinancing inside an LLC

Luciana W.
Rental Property Investor · Savannah, GA · Member since 2019 · 66 posts · 30 votes

Hello BPeople:

Does anyone know a lender that could refinance a residential property that held inside an LLC?

My current mortgage lender had no problem in lending to me personally to a property that is hold inside an LLC provided that they could examine the LLC papers and that I payed the appropriate fee, unfortunately they are not refinancing right now.

 

0Reply
29 views

5 Replies

Jump to latestLatest
  • George DespotopoulosBusiness Member
    Lender · New York, NY · Member since 2016 · 936 posts · 287 votes
    6y

    Hey Luciana, where is the property located, how much did you pay for it, how much did you spend in renovations, and where do you expect the value to be presently. Also, what's the current loan amount that you have to pay off? The answers to these questions will help figure out what's possible. 

    MoFin Lending4.9152 Reviews
    WebsiteView Page
    0Reply
  • Paul Shannon
    Rental Property Investor · Fishers, IN · Member since 2016 · 337 posts · 470 votes
    6y

    Check Lima One, Visio, Corevest, Temple View. All do 30 year Am with LLC holding title. A few tweaks form a conventional loan and expect higher rates.

    0Reply
  • Luciana W.
    OP
    Rental Property Investor · Savannah, GA · Member since 2019 · 66 posts · 30 votes
    6y

    @Paul Shannon thank you! I’ll check them

    0Reply
  • Luciana W.
    OP
    Rental Property Investor · Savannah, GA · Member since 2019 · 66 posts · 30 votes
    6y

    @George Despotopoulos

    Hi George,

    I am investing in Savannah, GA.

    Currently I am renovating on a Single family house I want to BRRRR.

    Let’s connect if your company lends in Savannah.

    Thank you

    1Reply
  • George DespotopoulosBusiness Member
    Lender · New York, NY · Member since 2016 · 936 posts · 287 votes
    6y
    Originally posted by @Luciana W.:

    @George Despotopoulos

    Hi George,

    I am investing in Savannah, GA.

    Currently I am renovating on a Single family house I want to BRRRR.

    Let’s connect if your company lends in Savannah.

    Thank you

    We do lend in Savannah, we're fairly active there. Feel free to reach out here or to me directly via email or phone.  

    MoFin Lending4.9152 Reviews
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free