Updated about 4 years ago on . Most recent reply
Refi from LLC to Personal
I currently own a property through my LLC that I am looking to refinance. I just had one lender tell me that if I wanted to "refinance" into my personal name (they don't lend to LLC's) then it would actually be a sale from my LLC to myself. Has anyone ever been told this?
I haven't dug into it yet but, could this be a way to avoid seasoning requirements? Essentially buying the property from my LLC.
Most Popular Reply
@Account Closed check around for hard money lenders that service PA. There are a lot of new loan products rolling out where you can get a 30 year hard money loan at decent rates (some with cash out refi features). I'm in Texas and we can lend to LLC's so I know it's possible. Just depends on the lender and the state.