Refinancing rental homes in LLCs

[Adam Luftig]

Hi Everyone,

I'm curious to see how others have dealt with this issue:

I have spoken with several banks about refinancing a portfolio of 5 single family rental properties, and every bank has told me that they won't work with me because the homes are owned in LLCs.

I'm curious how other investors have successfully completed a Refi, as this seems to be common practice for banks right now.

Is this just a bad time to refinance due to COVID? Have I just not found the right bank yet? Did I just not know that in order to successfully BRRRR or refinance at all, the homes must be in my personal name and not an LLC?

Really appreciate any help here!

Thanks,
Adam