Refinance Out Of HELOC after BRRRR

2 Replies

Hi Everyone

I am looking for a way to refi a BRRRR from a HELOC to permanent financing. Property will be held in an LLC. Is there a conventional financing option since it would technically be held in cash in the LLC?

Appreciate your thoughts and suggestions?

Conventional financing will not allow title be held in LLC. Private Lender will require it to be in LLC.

@Phil Baker If you own a majority percentage of the LLC then you could obtain a conventional mortgage if you are willing to quit claim deed into your personal name prior to closing. Often times investors will quit claim deed the property back to LLC after closing.