Is a Cash Out refinance possible ?

[Ousmane Camara]

let's say a person has little experience or financials. If said person were to join an LLC by amending operating agreement to establish ownership or a decent amount of ownership of an LLC that has ownership of 393 units bought 20 years ago would the experience of that ownership be transferred to the member that has just joined? And if so can that person then go apply for a cash out refinance of those 393 units the property is free and clear without the personal guarantee of previous owners of that LLC immediately or does there need to be a seasoning period?