Trying to get a 30 yr term refi

[Alan Mendoza]

How do investors refinance investment properties under an LLC while still securing a 30-year term and low interest rates? Also, is it possible to refinance personally while keeping the properties protected within the LLC?

We are cash strong, cash flowing, and equity strong with the hand full of properties we do already have. It's the only thing that's keeping me from growing. I have a 20-year loan, and it's not letting me be flexible.

[Jay Hurst]

Quote from @Alan Mendoza:

How do investors refinance investment properties under an LLC while still securing a 30-year term and low interest rates? Also, is it possible to refinance personally while keeping the properties protected within the LLC?

We are cash strong, cash flowing, and equity strong with the hand full of properties we do already have. It's the only thing that's keeping me from growing. I have a 20-year loan, and it's not letting me be flexible.

There are plenty of 30 year fixed full doc and DSCR options that will allow you to vest directly into a LLC with a persoanl guarantee. However, you also mentioned a "low" rate. The best rate AND terms are always going to be a conventional loan. Conventional loan requirements are the same no matter who the orginating lender is, and you cannot vest a conventional loan in a LLC at closing. So, but to get the BEST rate and terms you have to vest in your personal name, but you can get a 30 year fixed vesting in your LLC just the rate and terms will be a bit worse.

I bolded the AND above in rate and terms because a lot of borrowers will just look at a rate and ignore the additional upfront cost in points and fees, and even more often ignored is the pre-payment penalty that a lot of LLC loans come with. It is what it is and it might be the best choice but you need to understand that you need to weigh the pros and cons. There are plenty of brokers will happily tell you that their LLC's loans have lower rates then conventional without mentioning the additional cost upfront and the 5 year pre-payment penalty that it takes to accomplish that.

And you might consider the best of both worlds by doing a conventional loan and then making sure you have an umbrella policy that in most cases gives you more protection then your single member disregarded entity does anyway.