Refinancing from personal loan into business portfolio loan

Refinancing from personal loan into business portfolio loan

Member since 2019 · 5 posts · 0 votes

If you have a property (<4 units) that is under a personal conventional loan, but was quick deeded to a LLC (with two owners) at closing, what options are available when refinancing?

Can you refinance the loan from the personal conventional loan into a portfolio loan held under the LLC? Would the title need to go into the personal name before the refinance or how does that work?

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  • Stephanie P.Pro Member
    Washington, DC Mortgage Lender/Broker · Member since 2016 · 4k+ posts · 2k+ votes
    5y

    @Account Closed

    You can just refinance it in the LLC with a portfolio loan.

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