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Updated over 6 years ago on . Most recent reply

User Stats

71
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12
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Aviv Berkovitch
  • New York City, NY
12
Votes |
71
Posts

Refinance properties for mortgage

Aviv Berkovitch
  • New York City, NY
Posted

Hi all,

All of my properties hold by my LLC's .

I would like to start and refinance them and take mortgages from the bank in order to purchase more properties.

A friend told me that in order to refinance a property, the bank will ask me to change the ownership from the LLC to me.

Is that correct? What is the right proccess to do that?

Thank you

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