Refinancing property in LLC

[Austin Shandley]

I currently have a rental property I am wanting to refinance out of a variable 6.25% interest rate. Just got off the phone with my regular lender and was told this was not possible because it is in my LLC.

Has anyone had this issue and how did you get around it?

[Marty Johnston]

@Andrew Postell thank you for the correction. I grossly over-simplified in my response. To be more clear, afte re-digging into my initial impressions - the below requirement is more in line with what I should have explained. You simply cannot transfer into an LLC and change occupancy to investment within 12 months of the note date. (Link to finding below https://guide.freddiemac.com/a...)  I had it wrong here! Thanks