Updated almost 4 years ago on . Most recent reply
Lenders who allow transfers to LLCs
Happy new year everyone!
I would like to drop two of my rental properties into separate LLCs. I have spoken with the lender (same for both properties) but it does not allow any sort of transfer into LLCs. I am wondering whether anyone has done so with a lender's permission. And if so, who are the lenders. For example, Caliber Home (the previous lender of one the properties) was okay with me transferring one property t into a wholly owned LLC. It seems like with the current lender, refinancing with different lenders who allow such transfers after closing would be my only option if I want to move forward the right way (or just do it and hope the lender would not find out and call the loan, which is not preferred).