Updated about 6 years ago on . Most recent reply
Legal Structure for Commercial Refi
Hi All! I own a printing company. I purchased a commercial building a few years back and looking to refinance for a lower interest rate and to cash out. We also rent out a unit in our building. Here's my question:
Currently, the building is in the name of our printing company. We want to form a separate LLC to hold the property for obvious reasons. What is more beneficial in the eyes of the lender/appraiser (or does it even matter at all); Having the property held in the printing company or a "holding company"?
My thought process is that it will look more professional (and hopefully more valuable) to the assessor to have a building that has two rented units rather than just a printing company that is renting a unit out. Any advice is appreciated!