Updated over 8 years ago on . Most recent reply
Refi owner occupied multi-unit held in LLC to traditional loan?
Happy Friday everyone! I'm considering accepting a short-term loan from RealtyShares for my owner occupied duplex project. To work with RealtyShares I need to buy the property through my LLC. Since this is a costly short term loan I'll want to refinance ASAP. Will I be able to refi into a traditional owner occupied loan since the property is held by my LLC? Or will I be forced into a commercial loan? I talked to a traditional lender and he said he can't lend to a LLC.
Appreciate the feedback!!