LLC Refi????? Explain It to me as if I were a 5 year old
Ive been trying to get unstuck and researched the BP Site
Family members purchased some investment RE with cash
We now want to put a loan on the properties but havent found any real long term (fixed rate 15 to 30 years) options being held in our LLC
Can the LLC give me a loan personally that I can then refi with a bank? Or how do I get the money out of our 100% cash purchased property?
Also, we have a total of 6 doors. Two Duplexes, Two SF homes. If all held in the LLC can this qualify for commercial financing?
Thanks for any help getting me unstuck