Transferr property into LLC
I am purchasing a 4 unit apartment building in my hometown in Wyoming. I am using Guild Mortgage, from which I heard of on one of the podcasts, and we have a branch in my town. I was going to purchase this property with my LLC that already has 1 investment property in it, and it was created and being used for this purpose since 2015. The mortgage company told me that I couldn't purchase with LLC, but was unclear as to why they wouldn't let me. The LLC has perfect track record the whole time it has been in existence, and is a single entity LLC.
Now to the point, I am ending up purchasing it under my own name, but have made it clear to everyone involved that I intend to put it into the LLC after closing. The mortgage company said that it wouldn't create a due on clause. How should I go about the transfer into the LLC, and can anyone give any incite as to why they wouldn't let me purchase with my LLC in the first place? The property is currently owned by an LLC.
Thank you,
Aaron Christen
AaLi Investments LLC