Private money loans and refianacing
We did the BRRR strategy on a property and refinanced it with hard money or private lender who made us put the property in an LLC. The loan and title is in the LLC. I am trying to refinance at a lower rate on a FNMA 30 year fixed, but it has to be in my personal name for 6 months. How can I do this. Will my current lender know if I transfer it out of the LLC and call the loan due? Anyone have any experience with this?
Side note: I see I spelled refinancing wrong, but couldn't figure out how to fix it.