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Updated about 5 years ago on . Most recent reply

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Jeffrey De Los Santos
  • Rental Property Investor
  • Easton, PA
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How can I refinance a home into an LLC?

Jeffrey De Los Santos
  • Rental Property Investor
  • Easton, PA
Posted

I purchased a SFR rental property with a hard money loan under my name and am looking to refinance, but under an LLC. Am I able to do this and if so, how do I go about doing this?

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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
Replied

@Jeffrey De Los Santos 

You should be able to refinance the loan in your name but the property itself can be in the LLC name. Most lenders should be able to do this for you. Look at it as 2 separate things when your refinancing into a conventional loan. Financing in your personal name, property itself in your LLC. Most residential lenders want this in your name for a seasoning period of six months.

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