Property in LLC and refinancing

[Ryan Moore]

After I purchased my 4-unit MF a couple years ago, I transferred the deed to my LLC. I may be refinancing sometime in the near future and I was curious if I need to be doing anything with the deed before I apply? Do I need to transfer it back to me personally before trying to get a refinance loan? Or will that not matter?

[Andrew Postell]

@Ryan Moore in general banks that are accustom to working with investors won't care if the LLC is on the deed. Even if you want a loan that you have to sign for personally and it requires you to be on title the bank can just switch the deed to your name the day you close. Then you can switch it back after closing. It's not that big of a deal really. I would steer you away from working with very large banks because they would not be flexible enough to do any of this for you. Small to mid-sized banks only for best results. Good luck!