Cash our refinance in LLC

[Matt Murphy]

If I do a cash out refinance on properties within a LLC, is it possible for me to use the cash from that new loan to buy properties or a business in my personal name (not under the LLC)?

Or can I only use the funds within the LLC?

If a parent LLC owns the child LLC (the LLC that had the refinance) could the cash from the refinance roll up into the parent LLC and then be used in another child LLC?