BELOC or HELOC ? - Property Ownership in LLC, Residential Loan

[Chris Levarek]

We recently transferred ownership of two duplexes to an LLC for liability protection. However, the loans on the property are in a personal name or through residential financing. With around 90k in equity at a 70%LTV, we are looking at options for pulling out the equity.

Should this be done through a Home Equity Line of Credit or Business Line of Credit due to the LLC? Anyone ever pull out equity after ownership is transferred to an LLC on a residential financed property? Any issues one way or another? Any recommended HELOC lenders?

One of our first purchases. Now we simply go commercial loans as it make it simpler in our eyes :)

Thanks!