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Private Lending & Conventional Mortgage Advice

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Aviv Berkovitch
  • New York City, NY
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71
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Refinance properties for mortgage

Aviv Berkovitch
  • New York City, NY
Posted Feb 3 2019, 13:45

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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