Primary Residence Mortage and Series LLC

[Lindsey Matejak]

Hi BP,

I just finished refinancing my 3-unit building in Chicago in which my wife and I live in one unit and rent out the other two. We purchased the property under our own names and our recent refi is a 30 year fixed conventional loan for a primary residence. I would like to move the property over to a Series LLC as we start prepping to buy another multi-unit. Am I allowed to switch the property into an LLC given the details of my recent refi as a primary residence under our names?

Thanks for your input!